Welcome to this fantastic opportunity in the desirable Reservoir suburb! Situated on a spacious 740m2 block of land, this property holds immense potential for investors and developers. With a well-designed layout consisting of 4 bedrooms, 1 bathroom, and 2 car parking spaces, it offers comfortable living for residents. This property's standout feature is its incredible development potential. Already granted permission for 4 townhouses, this is an ideal location for a future development project. The spacious land size provides ample space for construction, ensuring a profitable venture for developers. Located in a highly sought-after area, this property boasts a prime position within the Reservoir suburb. With convenient access to shops, schools, parks, and public transport, residents are presented with a lifestyle of convenience and comfort. Currently, the property is under lease with tenants paying $2,086 per month, which provides a steady income stream for potential investors. This allows for a seamless transition for those looking to secure an investment property with immediate returns. Whether you are an astute developer or an investor seeking strong rental returns, this property presents an exciting opportunity. Don't miss out on your chance to secure a prime development site in Reservoir's thriving market. Contact us today to arrange a viewing and explore the boundless potential this property has to offer! Due diligence checklist - for home and residential property buyers - http://www.consumer.vic.gov.au/duediligencechecklist. This document has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies. Accordingly all interested parties should make their own enquiries to verify the information.