10 Darcy Street LARA, VIC 3212

Whether you want to subdivide and develop the 964m2 (approx) block (STCA), or you are hunting down one of the last large central blocks, this is definitely worth a look. The brick home is currently a 3 bedroom, 1 bathroom, with PFB's throughout, gas heating and an updated kitchen and bathroom with shower, bath, vanity, separate toilet and tastic. The home has been re-wired and has new light fittings and points. Outside the block has a tandem garage, garden shed and the backyard goes on for days! You can give the home a complete overhaul, an extension or simply keep it and enjoy having the extra space. Room for your dream family home, a pool, a 6 car garage if you want! Or put forward plans for a 3 townhouse development. In the meantime, the home is leased to excellent tenants, keen to stay and currently paying $270p/w. As an investment, you cannot go wrong. Currently returning 5% yield per annum, the value of the land close to schools, public transport, Lara Lake and amenities, will not disappoint in years to come.