LJ Hooker Dandenong is excited to introduce an exceptional opportunity for developers and builders seeking a lucrative project in the heart of Dandenong. This unique development site spans 1638m2 and comes complete with approved plans, permits, and engineering drawings for the construction of 8 townhouses. With a keen focus on optimizing space, this project promises an outstanding return on investment, eliminating the need for extensive groundwork � it's all been expertly prepared for the fortunate buyer. The property at 12 Grace Avenue boasts 4 well-proportioned bedrooms, alongside a spacious lounge and a dining/meals area seamlessly connected to a gas-equipped kitchen with ample storage. A generously sized bathroom, a separate toilet, and a convenient laundry area complete the interior of this charming home, all situated on an enviable 817m2 prime plot. Meanwhile, 14 Grace Avenue offers 3 ample bedrooms, a spacious lounge, and a dining/meals area conveniently adjacent to a kitchen featuring gas cooking and abundant cupboard space. The main bathroom, separate toilet, and a separate laundry area constitute the internal layout of this delightful home. This property commands attention on an impressive 821m2 prime plot and is presently rented out at $1,300 per calendar month. Whichever angle you approach this endeavor, success is virtually assured � whether you opt to develop and lease or seize the opportunity to develop and sell for a handsome profit. This venture holds immense appeal for a discerning small-medium builder or astute investor. Beyond the current proposition lies the potential for further exploration, including the option for high-density townhouse development, capitalizing on the premium location. Conveniently nestled in the heart of Dandenong, the location couldn't be more advantageous, offering proximity to Dandenong Plaza, Dandenong Market, Chisholm Tafe, public transport, recreational facilities, and a wealth of educational institutions. It's essential to take note of the following: Open for inspections requires a photo ID. All information provided is sourced from reputable third-party channels. Interested parties are strongly advised to conduct their own inquiries for complete assurance. Should you have any inquiries or require additional information, please don't hesitate to reach out.