Zoning Permits the Development of 3 Units

Are looking for an investment property where you have the ability to build a multiple dwelling? This property zoned Neighbourhood Residential currently has a quaint little cottage situated at the front of the block which is in ideal condition to relocate.

* Massive 1012sqm block
* Excellent annual growth rate of 26% per annum over the last 6 years (reported median price growth for Pimlico)
* Rental income available while you proceed with council requirements
* Conveniently positioned central to Castletown Shopping Centre, Barrier Reef TAFE College, Pimlico High School, Mater Hospital, Anderson Gardens and many other local amenities

Pimlico currently has very limited vacant land available so this is an opportunity that rarely comes around. The vendor is motivated and wants all offers presented to him. Development is subject to council approval.