Nestled on a generous 6,650 square meter plot of land, this property presents an exceptional opportunity as an approved development site for 16 units, complemented by an existing three-bedroom home. Located in the 'General Residential' zone, the site boasts approval for a mix of 12 three-bedroom units and 4 two-bedroom units, offering versatility and potential for substantial returns. The original three-bedroom dwelling adds further value with a current rental appraisal ranging from $400 per week. This existing structure provides immediate income potential or a base for redevelopment, depending on your investment strategy. Convenience is a key highlight, with essential amenities just moments away. Residents will enjoy easy access to local services such as an IGA, post office, public transport options, and the nearby primary school, ensuring everyday needs are met within a short distance. Perth, a flourishing suburb, is strategically positioned with a quick 15 minute commute to Launceston CBD and only 10 minutes from the airport, enhancing its appeal for both residents and investors alike seeking accessibility and growth potential. For those interested in exploring the full scope of this development opportunity, comprehensive development information is available upon request. Don't miss out on this chance to capitalise on a prime location with approved plans ready for implementation.