33 Park Street, Evans Head NSW 2473

Central location opposite bowling club | RU1 zoning for development | 915m² large lot in tightly held street | No bushfire or flood overlays This property presents a rare central holding in Evans Head, combining a large, level lot with permissive RU1 zoning, directly opposite community amenities. Its size and positioning are atypical for the area, offering a clear development pathway or a long-term hold with immediate rental income. This serves a buyer seeking strategic land banking or a low-oversight investment with future optionality. The primary cost is the current low rental yield, which underwrites holding costs while awaiting capital growth or development payoff. The commercial logic is in the land’s scarcity and development potential; the existing house provides income but is secondary. Acquire this as a strategic land asset, hold for medium-term appreciation or future development, as its value is fundamentally in its dirt and zoning.