Calling all Investors, Developers and Homeowners - Rare Offering. This is an exceptional opportunity to purchase one of the last under developed properties in this commercially zoned area of Victoria Avenue. Situated directly beside Horizons Regional Council's new development, this grand homestead is currently leased to Triton Hearing until July 2022 and has a current net rental of $46,400 with a market review in July 2021. The interior of the home has been renovated by the tenant and could easily be converted back to a residential dwelling. Alternatively, there is maybe an opportunity to continue the existing commercial lease. Fantastic holding income for anyone looking to develop the 944 sqm (more or less) site. Don't delay on this property - it will be sold at auction.