427-429 Porter Street, Templestowe VIC 3106

A galaxy of prime possibilities awaits at this immense 1,625sqm (approx.) corner site, delivering lucrative options for the investor, owner occupier, or developer. Situated just 600 metres from The Pines shopping centre's eateries and shopping, and with express-city buses and the Green Gully walking trail at its doorstep, this peaceful location within the Serpell Primary School zone has everything within easy reach.

Currently occupied by a medical centre with 13 onsite carparks, the site is a lucrative addition to any portfolio with an income of $55,000 per annum (approx.). Immaculately presented with contemporary styling and air-conditioning throughout, the centre provides a spacious reception, three large examination rooms and a pathology room, plus a staff room with kitchenette, three powder rooms, and storerooms.

Set amid breathtaking parkland views stretching to the northern horizon, the site inspires exciting new beginnings. Zoned General Residential 3 with no arduous title covenants or planning overlays that restrict development, the huge land holding is the perfect setting for an extravagant new home design with northerly alfresco enjoyment, while also tempting a large townhouse development (subject to council approval).