YES! At last a large slice of real estate with a fantastic elevation to take advantage of water views should you decide to develop to the maximum R30 zoning that already exists on this unique and perfectly located block of dreams. Five units in total occupy this block and currently accommodate a local company as owner occupier. Vacant possession is possible or lease out while you decide what is the best option to add value to your portfolio. The reality is you can house eight people in one location and then potentially add value to accommodate another ten people.

Three fibro & iron two bedroom units
Two fibro & iron one bedroom units
Large 1,582sqm elevated block, ocean views
Views over Gratwick swimming pool
Solid units, with some elbow grease required
Fully air conditioned
Fully fenced with large entertaining areas front & rear
Approximate 352sqm of car park area
Potential lease on all five units $5,000pw

The potential is clear: renovate the existing units and lease out to maintain mortgage payments then build above the car parking area to provide undercover car parking and potentially develop five two bedroom units or a configuration that suits a savvy developer/investor. The location is superb; the local swimming pool and gym a stones throw away, the popular ocean front board walk just over the road and the shopping centre within walking distance. Recognise the opportunity and buy with vision.

Call RICK HOCKEY now for more information.