Developers and investors take note that this is by far the best development site on the market in Mooroolbark. This allotment of 846m2 and a flat block is perfect for subdivision subject STCA.

The home offers 3 bedrooms, 2 living area’s, kitchen and dining area, rear balcony for outdoor entertaining, sep bathroom / shower / toilet, and full laundry.

Also on the block is a bungalow located at the rear of the original home enjoys a large bedroom with walk in robe, separate living area, kitchen and meals area.

With a combine rental return of $1804 per month the opportunity to secure a great investment to add to your portfolio awaits.

The choices are obvious, either keep the current tenants in the property and land bank the property while Mooroolbark property prices soar or alternatively organize your plans and permits to construct prestigious townhouses (stca) in this prized position.