48 Gap Road represents an excellent opportunity for an entrepreneur looking to acquire a well located property fronting Gap Road, suitable for redevelopment or refurbishment. The property occupies 980 Square metres of land zoned TC (Tourist Commercial) being suited to a number of commercial uses including a community centre, child care centre, medical clinic, multiple dwellings, offices and others subject to approval by the town planning authority. The property has existing improvements which could quite easily be utilised for a number of these uses although requiring minor refurbishment. The improvements consist of a three bedroom residence together with a large lock-up garage on the rear of the property and a separate storage shed. The dwelling is serviced with split system reverse cycle air conditioners. The property is very reasonably priced at $385,000 and vacant possession is available immediately.