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Set on a sizeable parcel of land measuring approximately 1094m2 comes this genuine opportunity to invest, develop and profit in a prime central location. Situated a stones throw from popular Lake Weeroona and short walking distance to the Bendigo Hospital and the thriving CBD, the blue chip position ensures whatever capital is outlaid now is sure to be well spent for the future!<br/><br/>The existing double fronted weatherboard home has been beautifully renovated and is in superb order throughout, meaning you can live in or lease out immediately (expected return $495 per week) whilst you consider your options. In addition and adding considerable value to a discerning buyer is the fact that the property comes with an existing Planning Permit for a 3-lot subdivision plus bonus approved plans for a dual townhouse development at the rear. <br/><br/>The two-storey, high end townhouses are each configured with three bedrooms, two bathrooms, two living spaces and a double garage each, and take in views of the reserve that borders the property at the rear. The plans are stamped and ready for you to find a builder. Once complete, sell off for immediate profit or add to the rental income stream you already have from the existing house at the front.<br/><br/>Having undergone a total renovation, the existing home is a fantastic place to live, both for its modern aesthetics and its convenience to all major amenities. Live comfortably here if you are just looking for a central property with a large allotment to spread your wings, and bank the development for a later date. Or rent out and gain an income whilst you build your nest egg. Featuring three bedrooms with built in robes, master bedroom with ensuite, main bathroom with separate toilet, good sized laundry, gorgeous central lounge room, separate dining room, and updated kitchen with modern appliances inc. 900mm free standing oven, stone bench tops, dishwasher and plenty of cupboard storage. Other features include new carpets throughout, freshly painted interior, lovely timber floors, modern fixtures and fittings, and split system heating & cooling.<br/><br/>Outside, a stunning new front fence secures and encloses the property. A carport provides sheltered parking, with room off street for loads of vehicles and drive through access to the rear yard. A veranda spans the length of the rear of the home, which provides a great space for alfresco entertaining or relaxing outdoors. The rest is a blank canvass for your ideas!<br/><br/>A once in a blue moon opportunity is a highly desirable location, this property is clearly for the astute minded with an eye for future gain. Do the sums, add them up and call now to take the first step in securing this fantastic opportunity!<br/><br/>** Please contact agent to receive a copy of Planning Permit and approved townhouse plans **<br/>
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