Consider a blank canvas of an elevated 855m2 situated on the undulating eighth fairway of the beautiful Mount Maunganui Golf Club. And while you're pondering away as to the masterpiece you might create you can enjoy a combined rental of $690 per week from two tenanted cottages. And maybe redevelopment is not your thing. A smart investor will be quick to recognise the opportunity to hold for the medium to long term. Slowly but surely sites on the golf course are being redeveloped and so over time demand will outstrip supply and simple economics will come to the fore. Close to beach and located in good school zones the appeal for properties such as this is obvious and interest is likely from far and wide. Total CV $865,000 (07/09)