6 X bed sit units and a house positioned on 1000m2 block of land zoned single dwelling. The current property exists as permitted use however you would not be able to knock down and rebuild units under this zoning.

The buildings are in need of repair work. The apartments where built in approx 1968 with a certificate of occupancy granted in 1970. The house was re-built after the cyclone Tracy and has a certificate of occupancy issued in 1976. The property has long-term tenants with total income $62,400 per annum.

To be sold as-is-where-is basis, at or before auction.

Forthcoming auction – 11am on site 29 January 2011.