An exceptional opportunity to develop this high exposure site with an Industrial 3 zoning on approx. 618.75m2. Reinvent or develop (STCA) with warehousing or offices with a corner position and lane access off Little Hyde St and only moments from the CBD and Westgate freeway. Alternately, purchase one title with three renovated and modern properties, including a house and two self-contained units, currently realising a rental return of approx. $52,560pa inclusive of utilities. Each property has recently updated kitchens and bathrooms, blinds, generous off-street parking and landscaped courtyards that are peacefully dappled in sunlight. The front weatherboard house is freshly painted with three bedrooms, BIR's, carpets, a spacious open plan lounge-dining area with high ornate pressed metal ceilings, picture rails and ceiling roses. There is an excellent kitchen with SS 900mm wide Westinghouse oven/cooktop, a chic bathroom with designer bath and separate laundry with storage. The second unit is more compact with two bedrooms, BIR's, timber floors, split aircon and central kitchen-living area. The third rear unit has a separate kitchen, ‘L' shaped spacious lounge-dining, two good sized bedrooms with BIR's and tiled floors. An outstanding opportunity and position to invest or develop (STCA).