5 and 5a Maroondah Highway, Lilydale VIC 3140

Astute buyers, you're invited to check out the potential of this extensive property, boasting a large block of 940sqm (approx.), in the DDO7 zone that is minutes to Lilydale Station and shopping precincts plus, local schools are also within arm's reach. The soil screams for a development of new townhouses (STCA), whilst the existing two residences already provide instant income, perfect for collecting rent as plans and permits are being approved. This is an area that is seeing increasing quality development with younger families and downsizers wanting to position themselves in this popular location leaving this an investment with solid future potential.