609sqm + GRZ2 Zoning + 2 Titles A fabulous opportunity exists for both savvy investors and astute developers - with GRZ2 zoning 10.5 metres (3-storeys) residential development, this prime allotment of approx. 609sqm presents endless possibilities in the heart of Caulfield South. Comprising 2 titles there are endless opportunities. An easy commute to the city - with the tram at its doorstep and Glen Huntly railway station a leisurely stroll away - this generous and versatile property is a three bedroom 1920s Art Deco home which has been converted to allow for a tenanted unit at the front - enjoy a rewarding rental income from the existing dwellings whilst awaiting planning approval for your own townhouse or apartment development (STCA). Situated in a wonderfully family-friendly neighbourhood, the property is just metres away from the highly anticipated "Booran Reserve" playground currently under construction at the site of the former Glen Huntly Reservoir. Near all essential amenities - Caulfield racecourses, Monash University Caulfield, Glen Huntly train station, shops, cafes and a broad choice of schools - whatever your plans, this sensational site in cosmopolitan Caulfield South is a sure bet!