Located in a well established premium neighbourhood close to sporting, schools and health facilities this north facing cottage is the ideal opportunity to buy now and develop later. This property has a dual frontage to Victoria Road plus the entire 46 metre (approx) north eastern side boundary fronts onto a gazetted lane way opening up the full development potential of this amazing property. The cottage sits at the front of the block behind a solid granite fence and features two good sized bedrooms, open plan kitchen/meals and lounge room, central bathroom and laundry. The polished timber floors are a highlight and the home boasts a solid fuel heater and split system, plus externally a car port at the side. The real value here is the large 840m2 (approx) level allotment and the frontage to the side lane creates a two lot sub-division opportunity (stca). Currently the property is securely leased to excellent tenants until November 2019, giving you plenty of time to get your plans underway!