This brilliant investment property returns in excess of $800.00 per week and boasts enough land to erect a second dwelling S.T.C.A. This massive home (234m2 in all) is securely let until 31/12/2011 to UTAS. Its strategic location is within 1km of the University and within close proximity to our elite schools such as Hutchins, Mount Carmel, Fahn and Waimea Heights. This solid family home enjoys panoramic views of City, Marina, River and Casino, and offers bathrooms, kitchens and separate entrances plus 4 bedrooms on each level. The original staircase is encased within the home if required for future reconstruction as a family home. There is available parking for 3 cars and ample under house storage. Priced to sell well under replacement costs, even without taking into consideration possible second dwelling potential.