What a great location, being within easy walking distance of the city centre, this is an ideal setting for units or villa homes. The land is easy to build on and with the demand for centrally located properties on the increase as more and more retirees look to reside closer to the shops, doctors, golf and bowling clubs, your investment seems assured whether you build and sell now or keep them and rent them out. If you decide not to build straight away, then the solid, older style home with its solid occupancyhistory will supply some income in the interim. Properties such as this are becoming increasingly hard to find so I suggest you take the time to inspect especially as the owners are motivated to sell and have indicated that they will meet the market and seriously consider all offers.