Situated in a popular location this property sits on 723m of land, the existing 3 bedroom home shows a current return of $14,820 PA and has a secured lease until November 2011. But wait there is more! The size of the block will allow for a second dwelling to be built. While plans & permits were approved in 2007 the permit has lapsed. So if you are wanting an investment with potential to improve ring now to inspect you will not be wasting your time, but hurry this type of property is highly sought after but rarely found.