Here is a very rare find indeed - acreage in the middle of Cannonvale. The land is just over 4.5 acres and falls into the low-medium density residential category, allowing a savvy purchaser a number of development opportunities.
The property already has a single dwelling in place - not much to look at from the outside, but very liveable inside and able to acquire a rental return of around $450 per week.
There are current plans to cut the block into 16 multi dwelling lots - however the current developer is no longer moving forward with this and has instead decided to give this opportunity to another...
