Housing is in such short supply right now, so residential development sites are undeniably the way to go. This site is a prime resi development within walking distance to the Ipswich CBD. Zoned RHD (CBD RESIDENTIAL HIGH DENSITY), there is a lot of potential here. You can build up to 6 storeys and there is also potential for a business on the bottom/street level. With the proximity to the CBD and the per-dwelling costing you can do here, this property is a no-brainer. With a tenant currently in place, you have some income coming in while you prepare your DA, or just land bank it for the future. House features: 3 bedrooms + generous sleepout Spacious laminate kitchen opens out to small, covered patio area Separate Dining, 2nd toilet, security screens, A/C in master Currently tenanted on periodic lease returning $270 per week with a rental appraisal of $350 per week. Site details at a glance: 1,214m2 Zoned RHD - CBD Residential High Density Zoned for up to 6 storeys Flood Free Prime location: 50m to Bus Stop, 850m to Train Station, 600m to Ipswich East State School, 1600m to Ipswich CBD (via a leisurely walk along the beautiful River Heart Parklands!), and you are within a 3-minute drive to Riverlink Shopping Centre, CBD, Queens Park, Ipswich Girls Grammar, train, restaurants and more. Also, within a 5-minute drive to public and private Hospitals and the private-schools district. You can see this is good value, so call us today! Final note - There has been a previous DA on this site for multiple dwellings, however this property has been rezoned since and so much more can be done with it. Other blocks of similar size have built 9 units on their site, but again, due to the rezoning, you can now look at an even higher density. Down the road (albeit, a larger block) has recently been approved for 41 dwellings, which should give you an indication of the potential this site has, STCA (subject to council approval).