The mind boggles with the possibilities available to develop this large town block. High and dry, this block lends itself to unit development. With older style units within close proximity to this allotment and with a current vacancy rate of 0%, any new units would be welcomed by tenants looking for a home. With a tenant in place the current dwelling returns $190 rent per week, so time to plan, submit an application and get approval for any future development you can envisage. The basic one bedroom existing home could become a caretaker's residence with access to the rear of the block alongside this dwelling. If you have been considering such a development, this is the perfect opportunity to purchase a large parcel of land within a residential area.