Presenting this preferred flat parcel of land with plans and permit for 5 architecturally designed contemporary terrace townhouses, each has 3 bedrooms and 3 bathrooms, the perfect package for an outstanding development opportunity, in a premium eastern location. Unit 5 has already been presold for you. Take advantage of the convenience of the location right in the heart of Bulleen, with bus service at door step, within a comfortable walking distance to the popular Ted Ajani Reserve, Bulleen Plaza, Macedon Square Shopping Centre. And Boroondara Tennis Centre, Bulleen Golf Driving Range, Aquarena Leisure Centre, Westfield Doncaster, Park & Ride and the Eastern Freeway all within easy reach. Currently tenanted for your cash flow with minimal holding cost before construction. Alternatively, home buyers or investors, this updated home consists of 4 double bedrooms, 2 bathrooms, double lock up garage. Superbly highlighted by natural sunlight that filters throughout its interiors and warmed by gas ducted heating. While the multiple schooling options are certain to entice families with an eye for quality education including Marcellin College, Templestowe Valley Primary, Templestowe Heights Primary, St Kevin's Primary and Templestowe College. The choice is yours. Call today to enquire. PLEASE NOTE: Open for inspection times and property availability is subject to change or cancellation without notice and property may be sold prior to auction without notice.