7 Walsh Street, Eltham, Vic 3095

Why buy a development property where you have to wait months for your development plans to be approved, when you can buy this exciting property today and start building immediately!

Boasting a sizeable 1,053sqm (approx.) allotment with approved plans and permits for three three-bedroom, two-bathroom Townhouses, it's the perfect option for the developer who likes to get stuck into a project immediately rather than being delayed by paperwork.

All three Townhouses differ slightly in design (Townhouse 1 measures 23sq (approx.) in size, Townhouse 2 boasts 19sq (approx.) of space and Townhouse 3 enjoys a generous 21sq (approx.) floorplan), yet all three enjoy the benefits of a double lock-up garage and capture the essence of contemporary living.

Currently occupying this prized allotment is a well-presented three-bedroom, one-bathroom residence. Leased at $430 a week on a month-to-month basis, you can line your pockets with income until you're ready to action your development plans.

Not only is the opportunity first class, but so too is the location, which is just a few short paces from Bolton St Village and bus services and moments to excellent schools, scenic parklands, Eltham train station and the popular Main St and Templestowe Village dining strips.