Discover an outstanding opportunity to invest in a prime piece of real estate located in the thriving Belmont growth corridor. This property offers an expansive 736m2 land parcel with approved permits for constructing three modern dwellings, ready to break ground. Situated just minutes from the serene banks of the picturesque Barwon River and the lush Barwon Valley Park, as well as local cafes, Highton Village, Roslyn Primary School, and Belmont High School, this property is an ideal choice for both investors and developers. The approved plans showcase highly efficient designs that cater to contemporary living standards, reducing construction costs, optimizing productivity, and minimizing build time. Each unit boasts a functional layout, ensuring broad appeal and a high resale value. Don't miss this golden opportunity for a lucrative return on investment! The existing house retains all its original charm, featuring three bedrooms and two spacious living areas. Currently, it's tenanted at $485 per week, and its central location offers easy access to major road networks, making it a perfect choice for those who commute to work. In summary, this property represents a rare and enticing chance to invest in a prime piece of real estate. Key Features: -Generous 736m2 land parcel -Approved plans for three dwellings, each with 3 bedrooms, 2 baths, and 1 car space -Each unit will have its own street access -Unit 1 features a balcony to capture breathtaking valley views -Units 2 and 3 offer a bedroom downstairs -Exclusive riverside location in Belmont -Currently generating rental income at $485 per week Terms: 10% Deposit, 60-Day Settlement. For alternative arrangements, please discuss with the agent." Note: Every care has been taken to verify the accuracy of the details in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers/tenants are requested to take such action as is necessary to satisfy themselves with any pertinent matters."