Introducing a remarkable 3.8-acre (approx.) property that offers an array of exceptional features! Positioned in a highly sought after location with development opportunity, this prime parcel of real estate boasting a residential zoning, could be your next best investment with potential for a Muli-Million-dollar return! Sitting in the heart of the iconic Hogans Road, and a stone throw from Lake Mulwala and the Hogans Road boat ramp, plus a short drive to central Yarrawonga, this scenic location sells itself! Have reassurance with multiple neighbouring land estates known for selling out, the demand for primary residence, investment and holiday homes rapidly increases annually with the popular and bustling Yarrawonga on the map for the much-loved Murray River and Lake Mulwala. Established returns with multiple self-contained units on site, including: 4 x 2-bedroom units, 4 x 1-bedroom unit, and 1 x studio brick unit…. plus, a functioning weatherboard portable home that adds to the versatility and potential of this property portfolio. Town services such as power, water, and sewage are already connected to the site, developers can easily take advantage of the existing infrastructure and expand this site at their discretion. Subdivision potential exists for this property, with previous plans discussed with council, future plans could consist of up to 27 allotments (subject to council approval). Developers can explore the option of creating multiple lots or units, catering to the growing demand for affordable housing or rental properties in the area. Tap into the town's growth and land demand, while also benefiting from the established infrastructure and attractive location near Lake Mulwala. It is an enticing opportunity that shouldn't be missed. Contact us today to explore this lucrative property and unlock the countless possibilities it holds for you!