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Wylie, from my observations, there are quite a few buyers out there, with sub $2m to spend, and anything worth while seems to get offers made fairly quickly. It was at least nice of the agent to let you know the situation. Many dont as we both know.

Dazz, RPData does not show any easements over the adjoining properties.

Wylie, here you go with the land tax. http://www.osr.qld.gov.au/land-tax/about-land-tax/land-tax-rates.shtml The IM should have the current SV, for you to do the calculations. RPData lists it at $247,500. The lease rate of $280 roughly per metre does not seem high, so should the bank...