Do not delay in inspecting this once in a lifetime chance to buy in one of the most sought-after suburbs on the Mornington Peninsula. Resting on a fully fenced lot of some 799sqm approx. this three-bedroom, fibro home has development/subdivision potential for two lots (STCA). This may well fulfill your property ownership dreams. There is an instant return for the investor as the property has an annual return of almost $20,000 PA with a lease running until 21st February 2022. This well-located home is located only a few hundred metres to an abundance of shops and featuring a large renovated bathroom with bath and shower and renovated kitchen. Other features include: •Polished timber flooring throughout •Spacious lounge and separate sun-room •Double lock up garage and workshop at the end •Safe and secure rear yard •Parking for boat - motorhome - caravan •Ornate ceiling cornices and fans throughout •Gas ducted heating and dishwasher •Freestanding gas stainless steel cooker •Electric hot water system •Schools and transport nearby This is the perfect opportunity for an astute buyer to purchase in the prestigious Dromana area. Reside - Invest - Develop or Retire?. The choice is yours. Do not delay as properties in this location will sell very quickly indeed.