1,256 sq/m site with two existing houses Zoned 2b Medium Density Residential located within walking distance to East Gosford Shopping Strip and only 5 minutes to Gosford CBD and Rail Link. Preliminary drawings for five two & three bedroom villas and townhouses all with large courtyards more like free standing homes and very desirable to the end sale market. Rates $2,035 per year (per property). Current combined rent $500 p/w due to sale realistic rent $740 p/w.