An outstanding opportunity presents in the heart of Preston to acquire this magnificent allotment measuring 697sqm (approx.) with the potential for a multi-dwelling development site (STCA), there is the bonus of a 3-bedroom family home with a Western Australian Jarrah kitchen and meals area, spacious lounge with gas heating, updated bathroom, computer controlled instantaneous gas hot water system, laundry and lots of storage. Well presented, the choice is yours whether to live in or rent out for now and develop later. Established gardens, 6000lt water tank, shed, bungalow, 2 storerooms and a long driveway leading to a single car garage allowing for plenty of off-street parking. A fantastic location - around the corner from Northland Shopping Centre, within minutes of High Street cafes, shopping and the Preston Markets, Preston train station, buses and walking distance to trams on Plenty Road. Just a short drive to the CBD, conveniently close to schools and universities this opportunity is not to be missed.