The property at 1 Nicholas Street, Lilydale, offers a lot of potential with its sizable 1100m² block and a wide 22m frontage, ideal for redevelopment or subdivision (subject to council approval). Its location within walking distance of Lilydale station and nearby shopping centers adds significant appeal for future projects or tenants.

With a current lease in place until March 2025, it provides immediate rental income, making it an attractive proposition for investors looking to develop in the future. This opportunity is ideal for developers or investors seeking to capitalize on the strong demand in the thriving Lilydale real estate market.