Developers and investors should check this out! Snap up this piece of prime real estate thats bang in the heart of this thriving suburb and offers a fantastic redevelopment opportunity!LMR2 zoning allows for a 2 or 3 storey residential development and this level 655sqm block, with over 22m frontage, can be approved for either multiple dwelling or small lot houses.An assessment of the site has indicated that it can accommodate up to 3 townhouses comprising 3 or 4 bedrooms, two with single garages and one with a double garage. The other alternative is to do a small lot subdivision breaking this site into two allotments. One block of approximately 355sqm with 12m frontage leaving around 300sqm and 10m width for the second block. Buildling a duplex, units or townhouses is also a possibility. An appealing idea for home owner builders!An existing weatherboard home with separate granny flat provides a healthy return in rent and is currently tenanted on a short term lease at $385 per week. The location is second-to-none! Its so easy to get to everything from here. Local and city bus stops are a few minutes walk, theres also a train station close by and its just 5 minutes drive to the motorway. Other location highlights include:- Minutes to Griffith University campus- Very close to QEII Hospital- Minutes away from grocery and local shops- A quick drive to Market Square and Sunnybank- Good range of primary and secondary schoolsThe home suitable for renting out with a lounge & dining room with air conditioning & a big timber deck for outside entertaining. A meals area with polished timber floors and a big modern kitchen fitted with quality cabinetry and decent appliances provides a good storage and work space. There are two sizable bedrooms and a shared bathroom. To the rear is the separate flat which offers a carpeted studio for bedroom and living room and a bathroom and laundry facility.Incredible potential – this will be sold on or before auction day!THIS AUCTION WILL BE HELD ON-SITEAll information contained herein is gathered from sources we consider to be reliable. However we can not guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.