703m2 of approx. land, with RGZ01 zoning (Residential Growth Zone Schedule 1). Which allows for multi-unit and apartment developments (STCA). The property is superbly located, right within the heart of Box Hill - peaceful Surrey Park just down the street, within 10 minutes stroll to Box Hill station, Box Hill Central Shopping Centre, excellent shops, cafes and well-regarded restaurants. Additionally, it's just a 5-minute drive to Box Hill Hospital and only half an hour's drive to the CBD (or 25 minutes by train). The site provides a fantastic opportunity in the heart of Box Hill and is ripe for development and the existing leased Californian bungalow, offering 3-beds, 1-bath, 1 car accommodation with great renovation potential (STCA). Not to mention the home sits within the highly sought after Box Hill High School zone (STSA).