Embrace the ultimate investment opportunity at Foam Street, where coastal living meets exceptional potential. This 521sqm property, situated just 1km (approx.) from the beach and a short distance from Rosebud Plaza, YAWA Aquatic Centre, Rosebud Primary School, Rosebud Secondary College, and Olympic Park, offers a prime location for future development or continued rental income.

Currently generating $475 per week with tenants in place until October and a desire to stay on, the property provides immediate rental returns while you plan your next move. The existing house, although modest, serves as a reliable source of income, ensuring a steady cash flow for investors.

Adding significant value, the property comes with approved plans and permits for two contemporary three-bedroom, three-bathroom townhouses. This presents a unique opportunity for developers and builders to capitalize on the high demand for modern housing without having to wait for planning approvals.

Whether you're looking to maintain the current tenancy or embark on an exciting development project, this property offers flexibility and promise. Its proximity to essential amenities and the allure of a beachside lifestyle make it an attractive proposition for both investors and developers.