1&2/32 Herald Street, Cheltenham, Vic 3192

Invest, develop, landbank for the future ...this one really adds up! With one Title, two homes, 658sqm approx of land and two frontages (extra wide 17.2m approx frontage on Herald St) this versatile corner property is an exciting value added investment or value adding renovation or development opportunity.

Retain the property exactly as is and increase your investment return with the two freestanding three bedroom brick homes already here. Graced with great garden and courtyard spaces, carport parking and a second crossover, there's the possibility of retaining an existing tenant for each home and significant potential to capitalise with a further upgrade and future subdivision.

Alternatively, look to an all fresh future for this exciting corner site. Surrounded by new development, just minutes to Southland, schools & transport, this prime corner site has the proportions and position that add up to invaluable rewards - subject to council approval.