Currently occupied by a refurbished seven-room Deco home & a self-contained one-bedroom plus study unit at the rear, this allotment of 730m2 (Approximate Title Dimensions), presents significant & attractive prospects for investors seeking a property of scope & substance. Boasting approved council & building permits in place for a Class 1B rooming/boarding house, guest hostel or small hostel this is an outstanding chance to reap the multiple income rewards of a potentially high performance property given that a lot of the initial hard work has been carried out already. On the edge of Brighton East, the home enjoys a wonderful position close to the recreational amenities in Dendy & Victory Parks, highly regarded schools including Bentleigh West Primary School, Brighton Secondary College, St Leonard's College & Our Lady Of The Sacred Heart College, Patterson Station, Patterson &, Centre Road's shopping strips & the Nepean Highway for easy access to the CBD.