Absolute unique proposition set in the heart of an award winning estate in popular Golden Square. The setting and the design of this estate has set precedents far and wide amongst local and out of town developers. The opportunity to build and establish yourself on one of (if not the last) vacant allotment in Penzance Avenue has only come about by an unfortunate chance. The vacant 1000m2 corner allotment sits on the high side of the street with a frontage of approx. 41 meters, it houses a functional salt chlorinated in-ground swimming pool with retaining walls and established trees and gardens. It use to proudly house a 5 bedroom + 3 living area and double garage home across the block which now gives the next owner of this prized location the opportunity to build their dream home or allow for further development with 2 or 3 units/townhouses (STCA). The restrictive covenants have lapsed which allows for this. Build around the current features and benefits of the pool, state forest (that fronts off Pinnacle Terrace) and admire the location amongst quality built homes.