Situated on a corner allotment of 644m2 (approx.) & set amongst established homes this recently renovated home offers an incredible opportunity for investors & developers alike. With permits & approval for a 2-part subdivision including plans for a stunning double storey townhouse which consists of 3 bedrooms, 2 bathrooms and separate driveway with garage. The existing home also offers instant return with a current lease in place until July 2023 enjoying a rental return of $400 p/w. All that's left to do is reap the rewards! The existing home comprises of an L-shaped living/dining room, with split system heating & cooling as well as a modern Kitchen with new electric appliances - Three bedrooms in total, Two with BIR's and one with a split system. Updated bathroom with shower over bath, separate toilet & laundry with a low-maintenance backyard which includes undercover pergola area. Local amenities are plentiful with public transport, North Geelong Secondary College & Holy Family Primary school plus Separation Street shops all within walking distance coupled with easy access to the highway & ring road for Melbourne commuters. Take advantage of this amazing opportunity by calling today.