86 and 86a Ormond Road, East Geelong, Vic 3219

The heading says it all! If you have been looking for a property with outstanding development potential, then stop, look no further, you've found it! Situated on the fringe of Geelong's CBD, in the ever popular suburb of East Geelong and on a corner allotment of approx. 674m2, is this "Duplex" 2 x 2BR dwelling, currently returning$325p/w, making it ideal for the investor, as you decide whether to renovate, sub-divide or totally re-develop. This is a rare opportunity to secure prime Real Estate at a very affordable level. The current properties are in need of a little TLC, but nothing hard work can't fix. There is already 2 cross-over's on the property, making it all that easier to re-develop with a possibility of Townhouses to be erected (STCA).The opportunities are simply endless. Close to all facilities, amenities, major Shopping centers, sporting grounds, Pre, Primary & Secondary Education & Public Transport basically at your doorstep, makes this a must see inspection & will surely not disappoint. The tenancy agreement for the 2 properties are as follows1 x periodic Tenancy, 1 x Tenancy Agreement until 2011. Call John Pigott now on 0407 857 606 & book your inspection. Terms are 10% Deposit, Balance 30/60 days. Don't miss out on this one!