Seen the price of blocks these days?
This property offers an excellent opportunity to subdivide (subject to council approval) the land and make one property into two, thus doubling your return!
There is a 3 b/r transportable dwelling located on the Pell Street frontage which is currently rented at $110 per week although it does require maintenance and upgrading.
The rest of the 954m2 freehold allotment is vacant and is begging to be developed.
So subdivide the block, renovate the existing dwelling and Bob’s your uncle!