Huge 1518sqm allotment, zoned General Residential, with no overlays, two existing habitable dwellings and a large cleared area to the rear. A second adjoining area may have adverse possessory rights.

This stunning location is extremely sought-after, opposite the newly re-developed St Aidan’s Orphanage and Kennington Primary School. Just up the road is Kennington Village and Aldi. La Trobe University and St Therese’s Primary School are both within walking distance, as is the iconic Kennington Reservoir.

The obvious use for this property is subdividing the land or seeing a multi-townhouse development through from planning to completion, however the planning scheme allows for a multitude of uses including medical centre, aged care, home based business amongst others (STCA).

Two very liveable dwellings are currently situated at the front boundary – a three bedroom weatherboard home and one bedroom unit. With a combined expected rental return of $430 per week these present an excellent opportunity to assist in reducing your initial cash outlay while undertaking the planning and development process for your chosen use.

Whether you act now or hold as is’, there is no denying this is an exciting opportunity to purchase a property suitable for building your family’s wealth.