Don't worry about the home that is being rented for $265 per week to long term tenants. Just because they would like to stay on and give you passive income while you design and obtain your approvals to potentially build up to 4 townhouses (STCA). You need consider the location and consider all the costs you can save by knowing this is a flat flood free rectangular 809m2 block with an approx. frontage of 20.1m and a depth just over 40m that looks like the block does not need any retaining walls, extra soil or cut and fill etc this will save you thousands of $$. The home was built around 1980 so you should not have any issues gaining permits to remove or demolish the house. You can walk to Brassall shopping village and also the Schools Ipswich State High, Brassall Primary, Ipswich Grammar School, St Edmunds College and St Marys senior and junior school is a mere 3 minute drive. This property is keenly priced and offers the investor a fantastic opportunity to build and hold (collecting rent) or sell them all for a tidy profit. Please contact Darren Boettcher for further information Features: . Huge Potential 809m2 rectangular flat flood free block . Zoned for townhouses/duplex/units . Investigations with Council have found sub to STCA you can build 4 Townhouses . Ideal investment to sell and reap the rewards or . Build your retirement nest egg and live off the rental income . Major Shopping Centre and local park is only 200m away . Private and state Schools are on the bus route or only 3 mins drive . House is rented @ $265 p/wk giving great holding income . Motivated sellers are wanting offers - don't miss your chance . Very limited photo due to the home being tenanted Photos were taken were taken before the tenant moved into the property. . Contact Darren Boettcher today to arrange your inspection