Held by the same family for more than four decades, this rare offering brings scale, flexibility, and upside in one of the city's most connected locations.

Set on a 723 sqm freehold site zoned Terrace Housing and Apartment Building, the property currently comprises seven Healthy Homes-compliant units, returning over $150,000 in annual rent.

For long-term investors, it's a stable, high-performing asset with immediate income and future capital growth.

For developers, the possibilities are significant and varied - depending on your vision and appetite for intensity and subject to appropriate consents:

• Subdivide and create seven individual unit titles.

• Build four freestanding homes with double internal garages.

• Construct six three-storey terraced houses.

• Pursue a comprehensive development of up to 15 walk-up apartments.

Sites of this scale and versatility seldom surface - particularly with proven income and clear pathways to unlock further value.