Perfectly suited to developers or dual families wanting to live next door to each other ! Holding Income of $700 per week. A South Williamstown location that offers the lifestyle you have dreamt of due to its proximity to The Williamstown Beach, Public Transport and shopping. The existing family home advances the appeal of a property offering spacious living zones, a dining area and a kitchen/meals space with two bathrooms, one with a spa bath, three bedrooms, high ceilings, ducted heating and evaporative cooling, creating an enviable context for a property accompanied by plans and permits for a spectacular new Town House Development. Current rental return of $700 per week provides excellent holding income until you start the construction. The Approved plans are designed by renowned Architects, Basset & Lobaza, and offer certainty having been approved and endorsed by the council Planning Department. They have been designed without a shared party wall, so can be built separately if desired. The approved designs offer contemporary luxury of planned proportions of including superb living, dining and entertaining areas that will flow to an alluring rear alfresco and gardens. A dedicated study or 4th bedroom, and a kitchen with a substantial walk-in pantry add to the family accommodation. Upstairs, 3 sublime bedrooms, master with walk-in robe & ensuite and large second bathroom, with a generous games room completing the package. In addition, both Town homes have a lock up Garage and off street parking for a second vehicle.