The sale of such a substantial property in the heart of Ferntree Gully presents an exceptional opportunity for investors. At approximately 1.33 Ha the land features outstanding views to the nearby Lysterfield hills and a superb sunny aspect. The site can be accessed from both Blackwood Park road and Allora Avenue giving developers a number of entry options. The sale includes an existing 4 bed brick home featuring ducted heating, evaporative cooling and security system. The house could be renovated to become an integral part of the overall development or demolished. Estimates have suggested that the site could house up to 20 units making a retirement village a tantalizing possibility. With Ferntree Gully and Knox City shopping centres within easy reach the site is sure to be popular so be quick to express your interest!