Get ready to roll your sleeves up. Either that or just order the bulldozer now.
Ok the property isn't THAT bad, ...the carpet's been removed, and it could do with a top to toe freshen up before you move in or rent it out. however that isn't the real opportunity.
Sure.. It's a spacious 3 bedroom home, but the block? Wow...a big 826m2. Zoned r20/25, that gives it the potential for 2, 413m2 blocks!
So, you may not bother with the building itself and just knock it over and develop, but ultimately it's your choice, just don't miss out!!