86 and 86a Ormond Road, EAST GEELONG VIC 3219

The heading says it all! If you have been looking for a property with outstanding development potential, then stop, look no further, you've found it! Situated on the fringe of Geelong's CBD, in the ever popular suburb of East Geelong and on a corner allotment of approx. 674m2, is this "Duplex" 2 x 2BR dwelling, currently returning$325p/w, making it ideal for the investor, as you decide whether to renovate, sub-divide or totally re-develop. This is a rare opportunity to secure prime Real Estate at a very affordable level. The current properties are in need of a little TLC, but nothing hard work can't fix. There is already 2 cross-over's on the property, making it all that easier to re-develop with a possibility of Townhouses to be erected (STCA).The opportunities are simply endless. Close to all facilities, amenities, major Shopping centers, sporting grounds, Pre, Primary and Secondary Education and Public Transport basically at your doorstep, makes this a must see inspection and will surely not disappoint. The tenancy agreement for the 2 properties are as follows1 x periodic Tenancy, 1 x Tenancy Agreement until 2011. Call John Pigott now on 0407 857 606 and book your inspection. Terms are 10% Deposit, Balance 30/60 days. Don't miss out on this one!