Are you looking for a unique and versatile development site in the heart of Eltham? We are thrilled to present an outstanding property that opens the door to countless possibilities. This property comprises a separately metered 4-bedroom, 2-bathroom home, it has been lovingly maintained and currently houses a long-standing tenant who has called it home for the past 11 years. Additionally, a second dwelling, an art studio, has been rented out for 7 years, offering an excellent income stream. For your convenience, there is also a car park facility available, ensuring a hassle-free experience. This property holds a rich history as the beloved local milk bar for Eltham residents during the 1980s and 1990s. Situated adjacent to Linear Reserve and located in the prestigious Woodridge Estates of Eltham, Whether you choose to keep it as a rental income source or transform it into your dream family home, the possibilities are endless. The serene surroundings next to the linear reserve provide a green and peaceful environment, while the Woodridge Estates of Eltham offer an exceptional quality of life. Don't miss out on this extraordinary investment opportunity – contact us today for a viewing and explore the potential this multiuse development site has to offer. Don't miss this outstanding investment opportunity. Contact us today to arrange a viewing and explore the boundless potential of this multiuse development site.