Massive 888m2 block of flat of land, one block back from the waterfront with the potential to put up to 5 unit complex on it and 4 stories high by right of approvals available with council permission. With 3 other blocks in the street already with 5 unit complex's on it, there is a precedence been set in the street for further development. This property is listed in council as "Urban Neighbourhood Precinct" or in the old town plan as "Res B", this states for medium and high density housing including apartments, duplexes or terrace housing townhouses and managed communities.
Investors looking to land bank for the future, there is currently 2 bedroom house with polished floors and stone bench tops on the property that is returning $300pw with a 12 month lease in place.
