A premier central address, this tightly-held block with multi residential investment property offers unlimited potential.

Redevelop or build capital while achieving a passive income backed by a strong rental history and excellent potential for growth.

In place is a well maintained complex comprising a three bedroom villa style unit with carport and three two bedroom units with single lock up garages.

The site offers off street visitor parking and generous grounds with potential for further development (STCA). Each two bedroom unit offers a replicated layout incorporating two bedrooms with built-ins, neat bathroom and open living/dining. A shared laundry has allocated power source for each tenant. The three bedroom residence enjoys a generous living area with patio access, spacious combined kitchen/meals, three bedrooms with built-ins, bathroom with separate toilet, ceiling fans for seasonal comfort and its own external laundry. An additional large storeroom could be re-purposed to a single garage.

This unique property is an ideal income stream located in a prime position close to transport, strolling distance from the medical precinct, an easy walk from the CBD and just a four minute drive from beaches.

Council Rates $3,400pa.