Located within a short walk to the Marina and the redeveloping CBD and foreshore is this very solid home on 947m2 . It was first priced at $450 - $480,000 but the vendors have dropped the price by a huge $130,000. The tenants are currently paying $240 per week and would love the opportunity to stay on. The house itself consists of three bedrooms and a good sized study or fourth bedroom. The kitchen has been upgraded and is spacious enough to accommodate a large dining table. The main lounge area has a near new air conditioner and ceiling insulation which adds to its efficiency. This duplex block offers secure city and harbour views from the second storey (see photos). Given the possibility of these views, this is an ideal location for some modern units and the opportunity to have a tenant in place until you are ready to start redevelopment is a bonus. Or perhaps you are just looking for a large block to build on with close proximity to the city. There are a few good options here.