Set on a premium corner allotment of 597sqm (approx.) of land this absolute gem opens up plenty of opportunity for redevelopment and is only a stone's throw away from thriving cosmopolitan Pakington Street and an easy walk to the GMHBA Stadium. It is within walking distance to Geelong College, Bostock House, and both Chilwell and St Roberts Primary schools. The corner site lends itself to a townhouse development and would suit a builder looking for the next project or an owner occupier wanting to set the family up in this central location and enjoy the spoils that blue chip Newtown offers. This unique property has been tightly held and not offered to the market since 1998. It comprises two separate tenancies being a one-bedroom unit and a two-bedroom unit, returning a combined income of $525 per week with the vacant studio at the front offering up the possibility of a third. The units occupy the existing house and both boast their own kitchen and bathroom and are perfect for the astute developer looking for an income while in planning. This unique property has no heritage overlay so the opportunities are wide open for occupiers and developers alike to build to their needs and this highly sought-after location offers the very best amenities and lifestyle choices on the doorstep. - 597sqm (approx.) corner block with development potential - Townhouse site (STCA) - Two separate tenancies with the opportunity of a third with corner studio/shop - Perfect site for the new family home - Renovate and extend the existing period home - Perfectly located to Pakington Street and Geelong College - Heating and cooling in both residences - Roof replaced in recent years