With a prime location just a few houses from the water in Palm Beach, this property presents a massive development and investment opportunity. The block is a full size 699sqm (fast becoming a rarity in the area) and is zoned R40 with subdivision potential for a 3 unit development site. Another appeal of this block is that it is set on the corner, meaning there is potential for the 3 units or townhouses to have their own street frontage.

Not only is this property close to the water, it’s also just a few minutes up the road from the Rockingham cafe strip full of restaurants, shops and amenities. A few minutes’ drive in the other direction and you’ll find beautiful Point Peron. The Garden Island naval base is also easily accessed from this location.

If development isn’t your thing, there is currently a large, 4 bedroom, 2 bathroom, double-storey brick and tile home on the block with plenty of potential as an investment property or renovation project. It is currently tenanted at $425pw until 21/03/2011. You can’t go wrong! Call Steve now.