A first class investment opportunity in a high quality residential area within easy walking distance to shops, primary and high schools. Ideally situated on almost 1,200 square metres of land, most of which is unoccupied, the building is perfectly positioned for possible strata subdivision, and further development by the construction of another one or two units subject to council approval. Currently comprising 4 spacious two bedroom open plan units with electric kitchens, tiled bathrooms, separate toilet and laundry facilities, built-in wardrobes, reverse cycle airconditioning, and small private gardens, each unit is yeilding $100.00 per week with potential to substantially increase income as the property is redeveloped. Replacement cost fo each unit would be in the vicinity of $80,000, and the land is probably worth nearly as much – SO YOU DO THE SUMS!