Positioned in a highly sought after street in close proximity to the lakes edge, with water views from the site, this R3 medium density residentially zoned parcel offers the discerning investor the opportunity to develop within the zoning with an encouraging 20 metre frontage and an overall area of 1429m2 spread across two titles.

Currently on site are two homes, both tenanted. The front dwelling is a four-bed, one-bathroom home with an open plan living area and a carport. The back dwelling is a cute three-bedroom cottage with a practical floor plan. It has a lazy veranda that catches the morning sun and offers views of the lake. These homes will allow for many more years of rental return with both homes currently grossing in total $700 per week. This level of return will buy you time as you consider further developing the site, or even allowing you to land bank the project until a moment in time when local values reach even greater heights. Offering a little something to all different style of investors and developers, we invite you attend our weekly open homes.