In a high-profile North Essendon Village location, this well-presented period home offers an immediately solid residential investment with options to utilize its untapped development potential. Occupying a generous land parcel (approx 273sqm), the property boasts Business 1 Zoning in an area earmarked for huge development. Making it ideal for any number of commercial and/or residential applications (STCA). Current floorplan includes 3 bedrooms, central lounge, functional bathroom and kitchen/meals, plus side/rear outdoor areas. Stroll to cafés and boutique shops, supermarkets, trams, quick access to airports and CBD via freeway/Citylink. Note: securely leased at $1564pcm until February 2014. Agent: Nelson Alexander Pty. Ltd.