Wise investors will be well-advised to investigate this stellar opportunity to develop a substantial slice of real estate close to the heart of Castlemaine. Comprising of an allotment measuring approximately 2024m2 (that's more than half an acre!), it is situated within easy walking distance of the main shopping precinct. To complete the package, there's no need to spend time and money on engineering and council stages in the process of planning, as this property even comes with an approved planning permit. Whether choosing an alternative or fully utilising plans already approved for 6 townhouses to be built on the site, the horizon at this address is looking bright. A slight slope to the allotment supplies good drainage and no trees impede construction, immediately reducing potential expenses. All services readily available, including garbage collection and gas connection, due to other homes along the street. Near the CBD, yet in a quiet locality with minimal passing traffic, the property is ideally placed to please not only the initial purchaser. Prospective buyers or renters of future residences will undoubtedly also see the multitude of benefits of this position. It's only a 10 minute walk from shopping, renowned eateries, sport and recreation venues plus so much more. With what this great location has to offer, it's very likely that any residences built on this site will rarely sit empty, growing both rental and resale value alike! Whichever way you look at it, it's a win-win situation!