This property is not just a rare find, but a one-of-a-kind opportunity for investors and developers alike. With D.A. approval for a 2-storey building with rear parking, this property has great investment/development potential that is tax-exempt. This type of development/approval is unobtainable again, so it is a unique chance to secure a profitable investment. The easy-build structure without complexities of multi-story, northerly aspect, and large land size of approximately 974sqm make it an attractive prospect for investors and super fund investments. The motivated vendor is eager to sell this property, so act quickly to secure this opportunity. The property has a huge rental potential of approximately $300k p.a. for 16 studios. It is just a stone's throw away from the Roseland's precinct, Wiley Park Shops, Wiley Park Station (Metro upgrade underway), Roselands Health Hub Medical Centre and the recently upgraded Roselands Shopping Centre. The property is currently tenant occupied by a long term tenant, it consists of 3 bedrooms (however scope to re-configure to 4-5 bedrooms), good kitchen and bathroom, spacious living areas and so much more. With its recent D.A. approval and R3 Medium Density Residential zoning, this property offers endless possibilities for further development (S.T.C.A), making it an excellent investment for developers or those looking for a potential source of income. One of the most affordable parcels of land of this size with approval for 16 studios just 12km from the city available DISCLAIMER: While Ray White Punchbowl have taken all care in preparing this information and used their best endeavors to ensure that the information contained therein is true and accurate but accepts no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Ray White Punchbowl urges prospective purchasers to make their own inquiries to verify the information contained herein Contact John Yatman on 0423 344 868