16 Raleigh Street, Leamington, Waipa

One is great, but two is exceptional!

• 545sqm (approx.) commercially zoned land
• 3-bedroom home
• Ability to purchase with or without 20a Raleigh Street

A superb ready-made investment with a residential tenancy in place, this three bedroom home is occupied by a careful long-term tenant. The home is tidy, well maintained and boasts an easy layout ideal for family living. It is insulated, has a single-plus garage and superb living convenience footsteps from Leamington's retail precinct.

Just two minutes from central Cambridge, Leamington's bustling hub, which includes cafes and eateries, shops and supermarket, a medical centre and retirement village, couldn't be handier. While the property offers a great holding income through tenancy, it's commercial zoning creates huge scope for development. Opportunities for commercial development are extremely rare to come by in such a prime location.

Adding to this dynamic is the availability of a bare 551sqm lot on the boundary at 20a Raleigh Street. Together, the properties raise the extent of just what can be achieved in terms of a commercial future in a sought after area. Cambridge is the growth centre of Waipa District. Development is booming and the town's accelerating population augurs well for commercial spread.