RENOVATE OR DEVELOP! This property has so much potential with either an income from holiday let or permanent rental, subdivide and sell off a vacant block and rent out dwelling, or knock down dwelling and build, or use as a great holiday home with plenty of space. The Vendor has an endorsed planning permit for subdivision into 2 blocks. This must be carried out within 2 years. You will not get a better location at such an affordable price. The land is approx. 1, 100 sq.m. and has a 3 bedroom older style dwelling which consists of open plan lounge and dining area complemented by cathedral ceilings, exposed beams and split-system air conditioning. Water views are captured from the wide balcony and also living area. Building up would present great views of Westernport Bay. With potential to do 2 townhouses s/t/c/a so close to the foreshore and which would offer water views and luxury coastal living. Within a stone throw to the local shops which consists of permanent doctor, chemist, newsagency, bank, bakery, hairdresser, cafes, shire offices , park and tennis courts, v-line and school bus stops and ambulance depot everything is at your doorstep. Grantville is a growing community and is a popular stop on the way to Phillip Island. Major shopping centres all within 30 minutes and with easy commute to CBD and South Eastern suburbs with dual lane highway what a GREAT INVESTMENT! INSPECTION IS BY APPOINTMENT ONLY. THIS PROPERTY WILL BE AVAILABLE FOR VIEWING MID JANUARY 2023. Disclaimer - We have obtained all information in this document from sources we believe to be reliable. However, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. www.1stre.com.au Property Code: 2541