Definitely DO NOT judge this book by its cover. There’s a hidden treasure trove waiting to be revealed and returned to its former glory or redeveloped into an almighty property. It’s your call.

This large, level 554sqm block is in a convenient location only 150m from the beach and just over 200m to the tip of the groovy Palm Beach hub.

This property will suit developers with a keen eye for a cracking site without the beachfront price tag or it will suit those home owners wanting to renovate or detonate.

This property is zoned RD5 for multi-unit redevelopment. The configuration of the block is favourable with 13.8m frontage to the street (dimensions = 40.2m x 13.8m).

Building height limit of 29m (or 9 levels); subject to council approving your DA plans
Residential density currently 1 bed/50sqm. Recent DA approval precedents suggests residential density may be increased much further for an even stronger ROI.

- Original beach-charm cottage that’s had some minor upgrades over the years.
- Funky 50′s style original kitchen
- Gorgeous original solid timber floor boards
- Two good size bedrooms upstairs and a third bedroom down stairs
- Large covered balcony with great northern vista over the yard
- Seller’s price expectation is much less than the current market average pre square metre for redevelopments sites. Ask us for more information about this.

Whether you commercially redevelop this property to achieve its maximum potential or if you simply do all things necessary to revitalise it for the family, the possibilities are huge and exciting.

It’s a great place to live and it’s a high-calibre opportunity waiting to inspire you.