Calling on intelligent investors who know an opportunity when they see one! 637m2 approx of prime Aspendale territory now awaits your stamp.This spacious, two bedroom home represents a sound financial decision with tenants currently in place until 27 November 2011 at $300pw.Set in the heart of Aspendale, it is located a lazy 3 minute stroll from the local station and shops. With Aspendale Primary School and two kindergartens also just around the corner, this property cant help but tick all the location boxes! Featuring formal dining, lounge and two roomy bedrooms (one with BIR), it has all the basics covered.As the lucky owner you will be able to kick back and consider your many options while the rent rolls in you could maintain it as an investment, renovate for your future life or get the plans in motion for a great potential development (STCA).Land Size: 636m2 approxHouse Size: 9 squares approxAge of property: 55 years approxHeating: Open fireplace, gas heaterCooling: Not availableAlarm System: Not availableCouncil Rates: $1,096 per annum approxChattels: All fittings and fixtures as inspectedDeposit terms: 10% of the purchase pricePreferred Settlement: 30/60 DaysPotential Rental Return: $300-$320 per week approxWhat the owners love about the property: It has great potential to renovate and /or subdivide STCA foreshore only a walk away.Aspendale AmenitiesNearest Primary Schools: Aspendale Primary School (Zoned), Aspendale Gardens (Zoned), St Louis de Montforts (Zoned), Edithvale, Yarrabah School (special needs), Haileybury College and Lighthouse Christian College.Nearest Secondary Schools: Mordialloc College; Parkdale (Zoned), St Bedes College (Zoned), Yarrabah School (special needs), Haileybury College and Lighthouse Christian College.Nearest Kindergartens: Aspendale North, Nola Barber and Bonkers Beat.Nearest Public Transport: Train: Aspendale Train Station. Bus route: 706 Mordialloc-Chelsea.Nearest Recreation: Aspendale Beach, Aspendale Surf Life Saving Club, Aspendale Cricket Club, Aspendale Tennis Club, Edithvale-Aspendale Football Club, Aspendale Junior Soccer Club, Edithvale-Aspendale Netball Club, Mordialloc Creek Walking Trail and Aspendale Senior Citizens Club.Other Amenities: St Louis De Montforts Catholic Church, Aspendale Presbyterian.Local take away (Vietnamese, Italian, Pizza), Bakery, Chemist, Newsagency, Cafes, Hairdresers. Aspendale Medical Centre. Main St Mordialloc shops and Westfield Southland Shopping Centre.