Enjoying a prime corner position and positioned privately back from the road, behind a row of established trees, is this deceptively spacious property with unlimited potential. The Planning Permit for the Proposed Construction of Four (4) Townhouses and Four (4) Lot Subdivision has now been approved. The proposal provides 4 townhouses with separate title, all with street frontage and off street parking. The Existing House: If you decide to keep the property as it currently appears you get to enjoy an original Lara dwelling built in the 1970s which still retains many of its original features. There are three generously sized bedrooms all with ceiling fans. The kitchen has updated appliances including a wall oven. Two living spaces are featured along with a dining area and a utility room. The central bathroom offers a bath, shower, vanity with dual access to the toilet. There is a large single garage plus a second shed, store room and chicken coop in the yard. The second option is to develop the site. What we know so far: Plans and permits are already in place to build four, two storey dwellings each with individual and unique, modern endorsed floor plans. The Finer Details: Unit 1 offers 3 bed, 2 living, 2 bath, powder room, dining, European laundry, double garage. Unit 2 offers 3 bed, 2 living, 2 bath, powder room, dining, single garage. Unit 3 offers 2 beds both with WIR's, study area, 2 bathrooms plus powder room, lounge plus retreat upstairs, dining, single garage. Unit 4 offers 2 beds both with WIR's, lounge plus retreat upstairs, two bath plus powder, dining, single garage. All placed on a large block of approximately 774 m² in the most ideal central location where everything good that Lara has to offer is right at your fingertips. The Area & Location: From this location you can easily walk to primary and secondary schools. The main Lara shopping centre, medical services the library as well as the Lara train station are only minutes from this location. The serene and award-winning Kevin Hoffman walk is located a gentle meander away. • 1km to Lara Train Station • 2.5kms to Ring Road • 6.5kms to You Yangs Regional Park • 7.8kms to Avalon Airport The Summary: Ideal for those buyers looking to downsize to a central and convenient location but equally as appealing to first home buyers or wise investors and developers. While many properties make good homes, fewer are "investment grade" and even fewer are potentially profitable sites. The corner allotment with two street frontages allows for easy access to the site, better subdivision potential plus the home can be easily leased while you finalise your plans and approvals The property here is a solid investment plus the profit potential you have buying here will always remain whichever way you choose. • 774m2 Corner Block/Subdivisional Potential • Original 1970's Dwelling • Ideal Central Lara Location *Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.*