Spectacularly positioned directly opposite the north end surf and sands of Maroubra Beach, this magnificent piece of real estate is being offered to the open market for the first time in over 60 years. One of the few remaining under developed oceanfront sites in this area, it comprises 643m2 of 2C Zoned prime land. It features:

* Panoramic never to be built out ocean views sweeping across the beach from North Maroubra to Malabar Headland
* An elevated position setting with a 15mtr street frontage leveling to a very large north facing rear yard
* Fantastic potential for a stunning luxury apartment and/or townhouse development as evidenced by surrounding properties STCA
* Currently a 2 storey 40s style apartment block of 4, it offers solid income returns while you finalise your development strategy.

This property is a genuine deceased estate situation!

Council: $1,335.25 per quarter approx
Water: $528.87 per quarter

Inspect: Thursday & Saturday 11-11.45am
Auction: Saturday, 27 September 2008
Venue: On Site at 11.30am
Details: Michael Ackerman 0412 362 345