This grand old Queenslander sits across 2 lots of land totalling 814m2 which is zoned Mixed Residential – 3 story unit land (with council approval). The lovely old Queenslander is in original condition with great tenants in place until March 2010 paying $300 per week. (A higher rent could certainly be achievable too). There is WATER IN 3 DIRECTIONS from this property. It is situated in prestigious Northern Scarborough and is a short walk to the Scarborough coffee shops and swimming beach in one direction, and the boat harbour in another. The house has 3 bedrooms, 2 lounge rooms and a nice back deck to enjoy the sea breezes on. There is side access on both sides of the house as well with a garage up the back and parking under the house. You may choose to keep it for a few years then reap the rewards of buying in this superb location or just move in when the tenants lease is up and bring this lovely old girl back to her former glory. Private inspections only so call EXCLUSIVE LISTING AGENT Jan Brown ON 0413 297 476 TODAY.