A rarely offered holding right in the middle of the action offering the informed investor big income and even bigger choices for the future. A large allotment of approx. 870sqm providing abundant growth and value add opportunities for now and well into the future. Consisting of three brick one bedroom units consisting each of spacious bedroom, study, lounge and kitchen meals area. Undercover parking is provided to each. A separate weatherboard dwelling consisting of three bedrooms, open plan kitchen dining and own private rear yard. Current income of approx. $53,560 per annum provides an outstanding return whilst you seek the value add options. Please note 1 Laura Avenue Belmont is available for purchase Saturday 7th August at 11:00am providing an extra approx. 700sqm of land. Well positioned within easy distance to High Street shopping, Oberon Primary School and public transport. Only a short hop to the Torquay Road shopping hub, Highton Village, Barwon River walking tracks, Waurn Ponds shopping, Aquatic Centre, the Surf Coast and the Ring Road taking you to Melbourne in an hour.