Occupying a high profile fringe CBD position, this affordable mixed use property offers a myriad of options for its new owner. Positioned on a popular thoroughfare into the city centre, this rectangular near level 672 square metre site is improved with an unrenovated yet impressive sandstone heritage cottage at the front, a leased one bedroom apartment, warehouse and abundant off-street parking at the rear with secure side gateway. This is a property that harbours outstanding redevelopment potential. Favoured with a highly flexible commercial zoning the property features, a broad spectrum of permitted and discretionary uses, including: residential, offices, professional services, tourism, education, food services, etc. Whether you are an owner occupier, wishing to develop your new business premises, or an investor wanting multiple income streams, this is a property with fabulous potential in an unbeatable city fringe location which has in recent years, been the focus of considerable new development. The current rental for the one bedroom apartment is $340 per week with the balance of the property being vacant or owner occupied.