Please note this is a Leasehold property. Welcome to this spacious Californian bungalow, perfectly situated in a prime location near the CBD, retail shops, and the hospital. Offering three generous bedrooms, two living areas, and a stylish bathroom, this home is designed for both comfort and functionality. The large verandah, bay windows, ornate ceilings and timber detailing will appeal to the California Bungalow purists, while the freshly painted home manages to be both thoroughly modern and retain its 1920s character. A good-sized studio at the rear could be ideal for a home business, extra storage or artist's studio. The backyard is expansive, with established gardens and lots of off-street parking, offering a private oasis for relaxation or gardening. This leasehold property comes with a ground rent of $14,600 per year, fixed until April 2043 (with guaranteed right of renewal), making it an affordable option without compromising first-home buyers and down-sizers. With a potential gross yield of up to 11%, it also presents an attractive investment opportunity. Don't miss out on this versatile property in a sought-after location!