Magnificent opportunity on Pt Nepean Road only minutes walk to Port Phillip Plaza Shopping Centre Hospital and Capel Sound Beach. Property consists of 5 older 2 bedroom units currently returning approx. $32,000 per annum with separate vacant bungalow. Land dimensions – Width 22.8 metres approx. Depth 50.2 metres approx. Sit back and watch your investment grow or simply gain valuable rental whilst planning your future development in a position that will only grow & grow. With a beachside position and solid rental income the opportunities are simply endless – make your enquiries today. Inspection strictly by appointment.