Situated on 2 lots, this 890sqm (with previous DA approval) block presents both great residential and income potential. Boasting multiple street frontages and views of the city, the value of the site lies within the multiple opportunities to capitalise on a prime Albion position. The current home is a traditional Victorian style home, complete with pressed metal ceilings, VJ walls (and in some rooms ceilings), bay style windows, and completely original cornices - memories of a bi-gone era. Option 1 - Explore the previous approved plans and current development potential on one block, and move/relocate the Victorian style home to be positioned on the 2nd Lot, giving the option for renovation. Option 2 - Keep the property as it stands, and land bank for the future Option 3 - Transform the existing residence, into an ultimate family home. Option 4 - Reconfigure the lots/block and move the existing Victorian residence onto one block and build another family home on the other. This prospective development opportunity is located within walking distance of the Collingwood Street precinct and both train and bus stations, whilst also occupying a convenient position only 5kms from the CBD. - City views from an elevated position - Multiple street frontages - Surrounded by million dollar homes - Albion train station is only 3 stops via train to Brisbane CBD - Only 5km from Brisbane - Walk to Albion Restaurant and dining/cafe precinct