89 Specimen Hill Road, Golden Square VIC 3555

- Prime General Residential zoning, ready for the development proposed, or whatever other use you may seek to have approved.

- Whether you're a seasoned developer or a first-timer, you will appreciate the planning already completed for the potential development of this property.

- A current planning permit allows a staged subdivision of the land, meaning you could complete Stage 1 and sell the existing house to reduce your cash outlay. The solid and well kept home is rented for $240 per week until July 2018.

- Then comes the main event. Stage 2 has 15 approved residential allotments. The 1.9 hectare (3.1 acre) allotment gracefully rises up from the road to a high vantage point at the rear and, once subdivided, these elevated allotments will be keenly sought after by new home buyers.

- You need only look around and see that this is a rapidly expanding area close to the CBD and within easy walking distance of the new Bendigo Stadium, child care centres, and Specimen Hill Primary School.

- Just because approval is in place doesn't mean undertaking this residential development is the only use. The General Residential planning scheme allows for a multitude of uses (STCA), including medical centre, outdoor recreation, place of worship, residential aged care facility and many more.