This expansive 840sqm property offers a unique combination of immediate cash flow and long-term capital appreciation. Featuring a generous 15-meter frontage and a massive 56-meter depth, the plot provides a versatile footprint that is increasingly difficult to find in established residential zones. Currently, the site hosts a 10-room rental house, providing a stable and proven income stream from the day of acquisition.
Priced at $450,000, this listing is a strategic choice for investors seeking a "land bank" opportunity that pays for itself. The existing structure is optimized for high-occupancy rental, while the sheer size of the 840sqm lot allows for significant future expansion—whether you choose to build additional rental units, a private luxury villa, or a commercial warehouse facility. This property represents a secure foothold in a growing district, offering the flexibility to either maintain the current high-yield setup or redevelop the site into a high-status landmark.