For sale by Openn Negotiation (flexible conditions online auction). The Openn Negotiation is under way and the property can sell at any time. Contact the sales agent immediately to become qualified and avoid disappointment. Open to all buyers, including finance, subject to seller approval. Register your interest by logging onto www.openn.com.au now! So you don’t miss out on this fantastic opportunity. The property has met reserve and will be selling. This 'red hot' development opportunity is in a prime location in the heart of Somerville. With land size of 975m2 approx. Option 1 - Develop & build multiple double storey townhouses (STCA). With the opportunity to receive rental income whilst you get your plans approved as the property is currently leased on a month to month rental return of $1825pcm. Boasting dual road access from Grant Road frontage & side access via Holmes Lane. Positioned only a moment's walk to the shops, public transport, local schools, doctors and sporting grounds of the fast growing Somerville precinct. The property market in Somerville has seen very strong growth in the last 12 months and is a proven performer with several recent nearby developments having been successfully completed, generating excellent returns. Option 2 - Potential child care, aged care, medical centre or similar business STCA. Option 3 – Renovate & develop to the rear. This charming old world home with many period features. Yes, she needs some polishing, however if you love the charm of yesteryear, this charming home brimming with character will tug at your heart. Boasting high ceilings of approx. 11ft (3.3m) formal lounge with doors that lead to a covered outdoor area. The three bedrooms are all a generous size with a huge ensuite to the master bedroom. The property has had an extension to the rear adding a large dining/kitchen area plus second bathroom & laundry. Hidden behind a private fence, other features include carport, garage/workshop, front & rear verandas, plus heating and cooling options. This rare opportunity is one to add to your portfolio and build your wealth. Please contact the selling agent to arrange a private inspection of this property.