Clever land bank investment on one title with a positive income stream, it's the best of both worlds. Located close to the beach & the Park Beach Plaza, this is an area that has a proven track record of successful developments. Rates = $5,398pa. Gross rental income= $35,360pa. Clever investors know opportunities like these are very rare & highly sought after, the perfect option to add to your portfolio. Set on a huge 1,233m2 block zoned R1 general residential with rear lane access, it is ripe for redevelopment & the bonus is a guaranteed income stream offering you the benefit of income while you arrange to redevelop the site. There are 2 x 2 bedroom units existing, currently tenanted through a housing corporation (no management fees). Unit 1 returns $320 per week while unit two returns $360 per week rent. Big block on a single title with income that's a rare opportunity indeed. "NB: COVID-19 'Conditions of Entry' apply at our property inspections. These measures have been implemented to protect the health of our team, our clients and the wider community. We apologise for any inconvenience, and thank you for your understanding."