40 Mahoney Street, Templestowe VIC 3106

Measuring an impressive 809sqm (approx.) in size with a wide 20m (approx.) frontage in a five-star location only a short stroll to Templestowe Village cafe & restaurant district, bus services along Parker St and the scenic sanctuary that is Westerfolds Park, open your eyes to the outstanding potential of this exciting property that's destined for future rewards.

A neat and tidy four-bedroom single-level home currently occupies the prized block, and with its generous offering of two living areas (formal L-shaped lounge/dining arrangement plus separate retreat), central kitchen, main family bathroom, huge backyard, double carport and gated entry, one could easily put the property up for rent whilst plans and permits are being approved.

Those plans could involve building a substantial-sized luxury home (STCA) standing within minutes of St Kevin's Primary School, the Park + Ride, the Eastern Freeway, Westfield Shoppingtown and Macedon Square shops. Developers, however, will also be keen to maximise the full potential of this sensational block by constructing either a pair of side-by-side executive residences or three contemporary townhouses (STCA).

One thing's for sure, however: secure the keys to this property and you call the shots!

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