Here is a fabulous investment and development opportunity in this popular location with existing 2 bedroom home on 509 sqm and adjoining land of 522 sqm, both on separate titles, selling as one! The residence is currently leased until September 2010 with the tenant keen to stay beyond this time. Timber floorboards, large bedrooms and separate lounge add to the 1950′s feel of this home which has been partially updated to highlight the charm of its era. A good sized carport, underhouse storage and a great sunny aspect top off the package. The surrounding land is near level, making it perfect for building or developing on once deciding where the driveway or crossover is required for access. A Geotechnical Assessment and Site Classification is available on the land for the new owners. Close to the cafe and shopping hub of Moonah and less than 10 minutes drive to the City and Glenorchy, this exciting property could be a blank canvas for total re-development or provide the opportunity for future development on the existing vacant land in the long or short term.