This exceptional corner site is located just a short stroll away from Footscray train station and Maribyrnong River, and boasts prominent main road exposure, presenting a wealth of opportunities. Current approved town planning permit for the construction of a 6 level mixed use development comprising of 12 x residential apartments and 1 office/retail space on the ground floor.. **PDF copies of plans available upon request** The existing property comprises of two buildings on a single title, each with its own entrance, featuring 1 x retail shop and 2 x residential units currently leased for $20,856 and $18,252 respectively. The existing ground floor retail space is vacant and currently advertised for lease at $35,000 per annum - combined total potential return - approximately $73,000 per annum. A superb opportunity to secure a top-quality property just minutes away from the CBD (Docklands is approximately 2.5km away). Key features include: Only 300m* away from Footscray Station Land Size: 316m2* Two street frontages - Napier Street/Cowper Street *approx. DOUGLAS KAY REAL ESTATE 280 HAMPSHIRE ROAD, SUNSHINE, VIC, 3020