An exceptional opportunity awaits savvy investors looking to secure commercial or mixed-use premises in a prime location on Latrobe Terrace. Surrounded by thriving businesses and residential investments, this property boasts a prominent position that ensures visibility and success. The approved development plan showcases a smart design that maximizes the potential of the land, taking into account the gradient and elevation to optimize profitability. Whether you're looking to occupy the existing dwelling or embark on a full-scale renovation and development project, this property offers a wealth of possibilities. Key features of the development approval include: -Conversion of the street-level dwelling into commercial space, featuring a retail showroom and three offices -Addition of a two-bedroom, two-bathroom unit and a one-bedroom plus study, one-bathroom unit -Provision of four basement car spaces and storage -Installation of a lift -Availability of five open car spaces The current dwelling boasts: -A generous 579m2 area with a 15-meter street frontage -Serene suburban views at the rear of the property -An expansive living area adorned with character features -A functional kitchen -A bathroom with shower and inclusive toilet -Covered front and rear verandahs With its adaptable floor plan, this property offers a range of opportunities and will appeal to investors with a keen business sense seeking premises in a high-profile location for a commercial venture or a lucrative addition to their property portfolio.