Prime position with masses of potential on a large land parcel and 2 street frontages; Charles Street and Queen Lane, Iluka. This brilliant location is literally footsteps to the bay and highlighted by a number of development options, you can certainly rest assured of your investment. The property has current DA approval in place and 'practical commencement' granted for a simple 2 lot subdivision but your options do not end there. Consider developing utilizing the Medium Density zoning, or simply forget about subdividing, renovate the original hardwood timber home and enjoy the land and location for yourself. - Original hardwood timber home positioned on Charles St awaits your creative inspiration - High ceilings, 3 large bedrooms, timber floorboards protected by original carpet - Double garage, single carport - Medium Density development opportunity - Practical commencement triggered of the 2 lot subdivision, means no time constraints to complete - Lot 2 would hold prestigious Queen Lane frontage - 1,012sqm land size zoned R3 Medium Density - Flat level land less than 100m to the bay, 150m to shops - Suit developers, investors and renovators - Position, Position, Potential!