Positioned in an incredibly convenient pocket of Chermside (right on the border of Wavell Heights), astute buyers will immediately recognize the blue-chip and rare real estate opportunity that is available here. Whether you are looking for a home in a great location, a 'knock-down' home site, an investment with development upside or your next development project - this opportunity offers it all! The property is zoned LMR2 Low-Medium Density Residential (2 or 3 storey mix) and has potential to subdivide or develop into a range of residential uses, subject to Council Approval. The property is located within the high growth mid-north suburb of Chermside, just 8.5km from the CBD. The home is only 800m from Westfield Chermside, 300m to Wavell Heights State High School, 200m to Burnie Brae Park, 400m to Chermside's Central Business District. Prince Charles and St. Vincent's Hospitals, express bus transport and numerous primary and secondary schools are also within a short distance from the home and ensure an incredibly convenient lifestyle opportunity. 16 Buna Street is quite original and would benefit from some renovation. The home also offers 2 bedrooms, a large sunroom/office/kids playroom, original kitchen and bathroom and a spacious lounge room. A detached single car garage is located at the rear of the property. Just brimming with opportunity, and nestled in a fantastic location, make no mistake that this is an unmissable and rare buying opportunity! For more information or to discuss further, please call JOSHUA WATERS.