Given its private setting and expansive acreage, this is a remarkable opportunity in this location. The potential for this undeveloped parcel is significant.
Spanning six acres, the acreage estate offers the flexibility of creating a magnificent acreage property, or investigate the redevelopment potential (subject to Council approval). A truly unique opportunity to own a large piece of Hope Island – and to invest in its exciting future.
Currently the two adjoining lots totaling 24,600m2.
Lot 86 Crescent Ave features:
* 12,470 m2 block
* Renovated Colonial with four bedrooms
* Three bathrooms ( two ensuited )
* Polished timber floors throughout open plan living areas
* Modern timber kitchen
* Separate downstairs ensuited bedroom
* Relax and enjoy happy hour drinks on the veranda
Lot 92-94 Crescent Ave features:
* 12,140 m2 block
* Commercial application with high rental yield ($800/week with no buildings to maintain – rent review increase in 2016)
* Redevelopment potential with many options
* Fantastic opportunity to land bank for the future
Sellers are looking to move forward with other plans and now reluctantly offer this tightly held opportunity.