Potential Development Site Right in the Heart of Albany Creek - 3,139m2 allotment With Current Family Residence Rarely does an opportunity like this present itself in such a 'blue chip' location. Be the first to secure this expansive parcel of land ripe for townhouse development or perhaps a land subdivision that's only a short stroll from shopping centres, schools and public transport. Currently, there's a large low set brick 4 bedroom home that resides on the site and would offer a great rental return (approx $500 - $550 per week) while you wait for your DA approval. Whilst no DA has been lodged at this stage, initial discussions with Council would indicate that a 5 lot subdivision would be welcomed or otherwise, a townhouse complex of approximately 18 x 3 bedroom dwellings is certainly possible. The home itself offers 4 generous bedrooms as well as an impressive formal entryway leading to a spacious formal lounge with working fireplace and separate formal dining. Vaulted ceilings add a touch of class and the glass sliding glass doors open to the massive outdoor entertaining area and in-ground swimming pool. Further into the home is a very decent size kitchen with a gas cooker and ample bench space & cupboards. On the other side of the home, an enormous