Are you seeking a turnkey property investment opportunity with a pre-existing building permit and established monthly revenue stream? Look no further.

This property comprises two parcels totaling 2000 m2, one measuring 1500 m2 and the other 500 m2, both primed for development with leveled terrain. Positioned along an asphalt road corner in the sought-after Alto Vista area, just a short distance from Palm Beach's vibrant dining and hospitality hub, this location offers convenience and accessibility. Nearby attractions include the 080 bar, Alto Vista Chapel, and various commercial establishments.

Situated within an urban zone of moderate density, the property accommodates diverse residential units alongside commercial enterprises such as spas. Currently, the land hosts four occupied and rented home containers, including two 2-bedroom units and two 1-bedroom units. Additionally, a water treatment facility is in place to sustainably manage water resources for landscaping needs.

The existing home containers generate a steady monthly income of US$ 2777 (Afl. 5000), presenting a lucrative investment opportunity. Furthermore, the property includes an approved permit for the construction of six additional apartments, providing the potential for expanded revenue streams.

This comprehensive package offers both immediate returns and future development potential, making it an enticing prospect for savvy investors.