Last week to view 760m2 of land nestled on the Southern slopes of Mission Bay (Zoned R6 one unit site per 375m2). A superb opportunity to land bank and when ready, rebuild or develop. in the meantime enjoy $68,000 p.a of rental income . The property is under rented and can be easily increased to $75,920 p.a from the 4 x 2 bedroom apartments. Each apartment has a separate lounge room, 1 car parking space and access to the communal laundry room. Well maintained with block and weatherboard construction , and new decks. Please note: We have received council approval to remove all bush on the site openng the way for development, No better time than this to secure a strategic land holding in the Eastern Suburbs - Family trusts and investors take note! This property can sell at any time, be quick and register your interest.CV $1,280,000 Set Date sale closes 4pm Wednesday 7th August 2013 (unless sold prior). Present all offers on or before this date. Contact me for all information. Last week of open homes.