Phone enquiry code for this property : 5578

CALLING ALL DEVELOPERS & INVESTORS
PRIME FREEHOLD BOUTIQUE DEVELOPMENT SITE 627m2 parcel of land
Impressive HOLDING INCOME over $100,400pa

HX – Unlimited Building Height
RD7 – Residential Density permits 1-bed per 25 m2
North facing Waterviews
Unique Corner Block allowing separate ingress & egress for developers.

Blue Chip Investment for future development offering panoramic water views and Hinterland sunsets. Strong holding income allows multiple commercial options, including maintaining current business, multi-level residential with ground floor commercial/retail redevelopment.(STCA)
Opportunities like this one only come up once in a generation, so do not delay.

CURRENT impressive Income summary over $102,000 pa
Unit 1$410pw
Unit 2$285pw
Unit 3$285pw
Unit 4$360pw
Unit 5$321pw
Unit 6$295pw

Block of Six units on One title providing reduced
Council Rates 2021-2022 @ $7179 pa
Water Rates 2021-2022 @ $5869 pa
No Body Corporates Fees

General Features
Bedrooms:9 with built-in robes & ceiling fans
Living and Bedroom areas tiled throughout
Bathrooms:6
Car Spaces:7
Communal coin laundry

Other Features
3 minute walk to Woolworths & Cavill Shopping Mall
4 minute walk to light Rail.
6 minute walk to Beach.

Phone enquiry code for this property : 5578