Holding a convenient position on Dawson Road, just 15 minutes from Brisbane's vibrant city centre, sits this wide and level 610sqm block that presents an incredible investment opportunity. With scope for savvy thinkers to redevelop the land or rebuild their dream home this one is worth inspecting this weekend! Potential development may include a splitter block sub-division allowing you to build one or two new dwellings in place, or a dual living home / granny flat. This is a great way to accommodate a growing or ageing family whilst maintaining independence. The block has low density residential zoning and may even allow for a multi-residential set up with the right planning application & design (STCA). An existing weatherboard semi-renovated home occupies the middle of the block with wide front and back yards and plenty of side access. Easy to remove and demolish for future, it is currently tenanted and generating a strong return for owners. Leased until June 2023, this property brings a high-yielding return with a net profit of over $500 weekly (after all expenses deducted). A simple, straightforward three-bedroom single level design, the home includes: - Enclosed front sunroom / porch entry with tiled floors - Decent ceiling height and timber floors to main lounge with plenty of windows for fresh airflow and sunlight. - Large kitchen / diner area with updated white cabinetry and freestanding cooker - Three bedrooms (All with built-ins) and shared bathroom in good condition - Under-house parking accessible from rear for trailer or caravan - Large concrete areas for off-street parking - Water tank and some security screens Located inside the highly desired Mansfield State High School catchment and just a short walk to the local Wishart Primary school is another benefit for developers or owners wanting to build new in this premium area. This popular south-side suburb has superb accessibility to major shopping and entertainment amenity on Logan Road including expansive Westfield Garden City, local Coles Village, boutique centres, cafes and takewayws at Wishart and supermarket chains and retailers Mt Gravatt Plaza. City express bus stops are at your doorstep and it's only a few minutes to reach the Gateway and Pacific motorway entry points. An outstanding investment option with scope for future development (STCA) makes this a truly exciting and worthwhile property to add to your portfolio. **All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries**