Zoned R1 this well positioned property offers a fantastic, rare SMSF, investment or development opportunity (STCA). All units are leased (approx. 4.5% gross return) at $74,880 per annum with tenancy agreements in place on all units and good, stable tenants. * Outstanding value for money in this highly desired neighbourhood. * First time offered in two decades * Land dimensions front 17.68m, north boundary 55.05m, south boundary 73.38m and the rear 25.04m = 1138sqm * Walking distance to the upmarket East Gosford Village * Bus stop a few doors away + Gosford train station within easy reach * 3 units have been recently upgraded + the potential to add value is enormous *District and water views potentially available from a second story addition (STCA) * Strata and capitalise (STCA) * All units offer the same floor plan with unit 4 having a larger courtyard * There is allocated parking with 2 additional generous visitors parks * Each unit has a fully fenced sunny generous courtyard of a minimum 36sqm * Easy access for commuters to Sydney and/or Newcastle * Minutes from Churches, great schools, the booming Gosford CBD, nature reserve and the pristine coastal beaches * Lease details upon request. East Gosford has become a desirable residential address that offers a safe friendly village feel, only a short drive from Erina Fair and the cafe society of Terrigal Beach. Opportunities such as this are few and far between. Any further enquiries please fell free to call Scott on 0417859898.