This city-fringe vacant lot presents a prime investment opportunity or a fabulous new home site.

The prime position is within arm's reach of the buzz of the city, with Lake Weeroona, the Bendigo Regional Tennis Centre, Whitby (formerly The Boardwalk cafe), The Lake View Hotel, the Hospital precinct, and much more even closer.

Zoned General Residential, the land measures approx 552 square metres.

The cleared, level rectangular lot has a frontage of 20.12 metres to Napier Street and a depth of 27.43 metres with all services available.

A current Planning Permit for a two-lot subdivision and construction of two dwellings exists for the property.

Let your imagination run wild with the promise of future potential; subdivide and develop into townhouses for the latte set.

Build your dream city-fringe home, or forget for now and watch your investment grow.

If you're the entrepreneurial type, don't miss this one.