This large parcel of land is ripe for redevelopment and is located within a short walk to East’s beach via direct access over the adjoining Reserve. The potential is huge with a previous Council Approval to subdivide it into two blocks which would open up opportunity for four dwellings on the overall parcel of land (STCA). The existing, renovated brick home is currently tenanted so it is generating good income.
- Extend on the existing home for potential beach and water views
- Or knock down to use the whole site to build up to four dwellings
- Walk to East’s Beach from the backyard over the Reserve
- Backs onto Ocean Street for dual access
- Popular location, good rental history, plenty of potential and return
- Build and achieve a rental return at the same time
- Quiet setting close to schools with a lovely beach and rural outlook