Introducing to you a fantastic investment or development opportunity. Sitting on a generous 637m2 block with an impressive 15.8m frontage, this property is a canvas of possibilities for development or as a lucrative land bank and investment. With potential subject to council approval (STCA) for a splitter block, townhouse development, or apartments, the options are vast. The property features: - Zoned LMR - 15.8m Frontage - 637m2 - 3 Bedrooms / 1 Bath / 1 Car - Terracotta Tiled Roof - Polished Wood Floors - Modern Kitchen & Bathroom - Large Open Plan Living Currently tenanted with long term excellent occupants, (Lease Expires April 2024 & Tenant would love to continue living at the property ) This property offers a steady income stream while you explore its development potential. A standout feature of this property is its clean site with no encumbrances or easements, ensuring a smooth and hassle-free transaction. The absence of flooding or overland flow issues adds an extra layer of security, making it an ideal investment. Nestled on a quiet tree-lined street, 16 Troubridge Street enjoys a serene environment with a mix of high-end renovations and new builds, enhancing its appeal. Zoned LMR (Low-Medium Density Residential), the property is a goldmine for development, allowing for a boutique apartment complex, townhouse development, or the creation of two lots (STCA). This property meets all the criteria for an exceptional investment opportunity. Whether you're seeking a development site or a long-term investment with future development potential, 16 Troubridge Street has it all. Seize this rare opportunity to secure a property with outstanding potential. Don't miss out on making 16 Troubridge Street your next savvy investment.