When it comes to rare properties hitting the market it doesn't get much rarer than a 1120m2 block in the highly sought after Macgregor. If the block isn't enough there is a current brick and tile lowset home situated on the block with 5 bedrooms and 2 bathrooms for families looking to secure prime real estate or investors looking for that special opportunity. Currently in Medium density zoning, this property previously had an approval to develop 14 apartments over 5 stories and even though the approval has lapsed, this can be reinstated by the new buyer looking to maximise the potential this block offers. For those buyers looking to renovate and move into this large lowset will enjoy a short walk to Westfield Shopping Centre or a quick stroll to the new Homestyle Shopping Centre coupled with bus stops to the city, a 5 minutes' drive to Qll2 Jubilee Hospital and also Griffith University showing why this quiet pocket of MacGregor is so sought after. For the home itself, Step inside and be greeted by a light-filled, spacious interior boasting an open-plan layout providing ample space for relaxation and entertaining, ideal for families of all sizes. Features: - Tile roof - currently tenanted until 30/7/24 for $480 per week - 5 bedrooms. - 2 bathrooms. - Separate toilet. - Separate laundry. - Storage shed at the back of the block.