The renovated two by two bedroom and one by one bedroom flat on this 792m2 of land, two lots, would provide an excellent holding income while you decide how to best maximise the return on this investment.

The corner block has excellent views of the CBD and the flats could be built in underneath and more rooms added if you wanted to increase rental incomes and hold this property for some time before developing. The flats would also suit an owner occupier who wishes to manage them themselves.

Conversely, the land could be split and the flats returned to a single unit dwelling and kept, or removed, and two new homes built (subject to council approval).

Less than five kilometres from the city centre and with direct and easy access to it, this inner city investment is close to all amenities and a scarce commodity. Purchase now.

792m2 land on two lots
Corner block
Great views of city
Five kilometres to CBD