244 Spencer Street, South Bunbury.

Calling all investors…location, location, location! This prime block of land with 1,086sqms in central Bunbury is ripe for development. You could demolish the existing cottage and start afresh with multiple dwellings. Or renovate the cottage and build 2-units at the rear of the block which has already been fenced off. (All developments would be subject to Council approval). Imagine the possibilities... you could even live in a rear unit, rent the second one and set the kids up in the front cottage, giving them the opportunity to secure a first home. Downsizing? You could live in a rear unit and rent out the second along with the cottage. It's also an opportunity for 3-generations of the same family to live together with mum and dad in one unit, the kids in the other and nanna in the 2-bedroom, 1-bathroom granny-cottage. The location is terrific, very central to main access routes and just a 5-minute drive to the beach. If you wanted to keep the cottage as is it currently has a great tenant keen to stay; ideal for the investor who might be looking for that. There's lots of space here, with a wide separate driveway with secure gate. This accesses the double lock-up garage and rear yard, currently used for building supplies or ideal for caravans, boats. This is quiet area of South Bunbury and just a short stroll from the newly developed oval and football stadium. It's also close to GP surgeries, pharmacy, and a quick 5-minute drive to the Plaza Shopping Centre. Properties like this are becoming scarce as Bunbury booms. This is a golden opportunity to nest and invest creatively.