Sitting on 717sqm (approx.) this rare opportunity presents a desirable development or rebuild site (STCA) with dual frontage on High Street and the adjoining ROW access on the western boundary, with plans and permits for 6 premium townhouses already produced and approved. Investors and builders will be drawn to this residence with preferred northern aspect in flexible residential growth zone schedule 3 - (GRZ 3) making it ideal for residential development. The current home offers 4 bedrooms, 1 bathroom, and off street parking for 3. Right-of-way side lane access further enhances the future prospects of this outstanding option in a prime pocket of Glen Iris. Situated in a prized location with an abundance of local amenities. A short walk to Sacre Coeur, Caulfield Grammar, Korowa Anglican Girls School, Central Park and High Street trams and Glen Iris station. Close proximity to Chadstone shopping centre and Glenferrie Road shops, public transport options, Monash freeway access and Harold Holt Swimming Pool.