My owners are now overseas permanently and have to free up their capital.

Next door sold for $600k with exactly the same land size and frontage for development a few years ago in a balanced market.

But my owners need it sold!

So here are your options:-

1. As it also comes with development consent to split the block. Why not subdivide and keep the gorgeous three bedroom home on the remaining 1000 m2 block with fantastic tenant on a lease at $320 per week happy to stay.

2. You could subdivide and sell the rear block for $180,000 and live in or rent the home. This means you’re paying just $260,000 (plus subdivision expenses) for a home on over a 1,000 square metre block, which is unheard of.

3. Buy and hold for future development with zoning to build on 85% of the land.

My owners will even consider selling the rear block separately if you are just looking to invest in a development site.

They would then keep the house and tenant themselves, so put that up for discussion.

This is located on the Batemans Bay business fringe and makes sense as an investment.

Do your sums and come back to me with an offer.