81 Dundas Street, Preston VIC 3072

Located on the coveted south side of Bell Street is this potential-rich 298sqm (approx.) corner property that will excite developers and appeal to the savvy investor looking for a secure suburban business with an attached residence.

With the potential to accommodate a multi-storey apartment complex that will stand within an easy walk of trendy eateries along the popular High Street strip, Pender's Grove Primary School, the No.86 tram, South Preston Shopping Centre and the No.552 bus that stops just metres from the front door and close to Thornbury train station and Northland Shopping Centre, its appeal as a standout development opportunity in a prominent Preston location is clear to see (STCA).

But if you're chasing a steady stream of income with the convenience of working close to home in this case, out back! this is ideal. The existing business, a well-regarded local milk bar, can function as is or reborn into a trendy foodie hotspot, just like many converted milk bars around Melbourne. You could also choose to lease it out for an attractive return.

Adding further appeal, the attached residence with window security shutters offers plenty of space with its three bedrooms, large living, open-plan meals/kitchen area with a 900mm stainless steel cooker, stylish bathroom, separate laundry with toilet, plenty of storage and a concreted north-facing courtyard with side access for off-street parking.