Prime for development, this 1012sqm block is zoned R40 and has the potential for some good ocean views! You could potentially develop this into a 4 unit site of 2-storey homes, or even a 5 unit site of Over 55′s (subject to approvals).

The block currently has a 2 bedroom, 1 bathroom plus sleepout home with a good long-term tenant paying $280pw until 2 November 2010. Features include:

- 2 double-sized bedrooms

- Separate lounge

- Kitchen and meals area

- Sleepout

- Pergola

- 7m x 3m powered shed

This could be a very profitable venture for an astute property developer, particularly considering the growth potential in the area when the proposed Wanliss Street marina goes ahead. This is an excellent location, one street from the beach! Call now!