This is the perfect top drawer investment opportunity! Location here is the winner, and you still have a rentable cottage, allowing negative gearing benefits until you develop! Potential plus is the go here.... This cute cottage is very rentable (having been appraised at $170.00-$200.00 p/week) and being situated towards the front of the block, gives you the added bonus of allowing you to develop the rear when you are ready plus still leaving the house in place with your rental income intact! A very real benefit here is that your development is only 100m from the CBD plus about 900m from the beach-which are 2 priorities for those looking to buy centrally located units, or why not consider a lovely pair of freestanding duplex's which would be something different and a very saleable item in that location and in short supply! The 1039sqm makes a very generous size plus the 20.4 frontage gives plenty of room for scope.... You won't have much time to sit on this one, pick up the phone now and call Exclusive Selling Agent Catherine Branson on 0407 521 100.