A very unique opportunity for the astute investor, developer, future developer. TWO HOUSES ON ONE TITLE - paying two rental incomes! On one of the biggest blocks of land in Acacia Ridge – a huge 1123m2 level land, zoned LMR 31m frontage by 37m depth. Only 13kms from the CBD. Numerous opportunities exists for this unique property to either: a) Buy and hold – gain a HUGE rental income and wait for future property appreciation to increase in value b) Subdivide into 3 lots of 374m2 and profit from the sale c) Subdivide into 3 lots of 374m2 and build specie homes on it and sell for a bigger profit d) Subdivide into 2 larger lots and hold/sell, or build specie homes e) **DEVELOP INTO TOWNHOUSES OR UNITS** With LMR zoning allowing approx. 1010m2, this could get you approx. 14 x 2bed,2bath units at 72m2 GFA plus carparks/balconies etc!! Yes, you read that right, that’s 14 units!!! f) Live in 1 house, rent out the other. Become a home owner and investor in one! g) Or even demolish the 2 houses already there, fence it in and build your own huge house in your mini compound! With land this big, no need to put up with hearing the neighbours at all. Currently rents at $300 and $350 p/w with long term tenants in place - tenant #1 since July 2007 (8 yrs), and tenant #2 since Jan 2010 (5.5 yrs). **DEVELOPMENT OPPORTUNITY NOT TO BE MISSED** - Brisbane City Council zoning of LMR (light to medium residential) allowing for 45% site coverage and 2 levels up to 9.5m high (GFA gross floor area approx. 1010m2). Your town planner and architect can develop the best utilisation plans of this property. At $750k, this LMR developable land is an ABSOLUTE BARGAIN at ONLY $660/m2, compared to similar developmental opportunities in the same LMR area (*comparison made on another current property listing at $680k for 817m2 which equivalent to $832/m2) – do the numbers, get the results! Found just 13kms from the CBD, great access to major roads and arterials, across the road from O'Sullivan Park and recreation centre with buses and shops in easy walking distance. This property offers all of the living conveniences you need, but in a quieter leafy street with a homely neighbourhood feel. With so many options and qualities, be quick as this property will sell itself!