Expressions of Interest closing Friday 19th May at 6PM Raphael Houston proudly presents... A unique opportunity opposite Bonwick Street village in an iconic Fawkner location, this perfectly positioned 592 sqm (approx) landholding boasts desirable rectangular dimensions, unparalleled convenience, and a favourable orientation with the added benefit of flat land; all of which equates to an outstanding development opportunity. Occupying a premier position in an area where capital investment is both encouraged and rewarded, Residential Growth Zone - Schedule 2 credentials indicate enormous investment and development opportunities (STCA). Take inspiration from the host of new builds modernising the streetscape, and contribute your own unique multi-unit build. The potential for a range of developments is waiting to be realised. There is multiple 5-6 unit sites on similar blocks on the same street! For the owner occupiers, the comfortable indoor atmosphere includes 3 comfortable bedrooms, a semi-renovated central bathroom and a large open plan that flows onto the back deck and yard. Nowhere else in Fawkner can match this in-demand address for amenity and convenience. Opposite Bonwick village & Fawkner Leisure Centre, short walks to Gowrie station and Merri Creek are improved by easy-access to leading local schools. Highlights Flat, rectangular dimensions Residential Growth Zone - Schedule 2 Substantial 592 sqm (approx) allotment Landmark Fawkner location Opposite Bonwick village & Fawkner Leisure Centre Residential growth corridor Development encouraged (STCA) Landbank opportunity Rental return of $2,042 per calender month (month to month rental)