Within walking distance to GV Health, parkland, shops and schools, this one bedroom weatherboard dwelling on a 624 m2 block is presently rented to a very good tenant at $175 p/w giving a cash positive return but realistically offers a long term investor a great position for a two townhouse development.
Features of the existing dwelling include electric cooking, solar power, new reverse cycle air conditioner, three ceiling fans, gas hot water system and two small garden sheds.
Secure this property now and enjoy a cash positive income whilst your building application is approved or just wait for a capital gain as this area is certainly going ahead.