Take advantage of the current market and snap up this property – situated in the highly sought after (and tightly held) foreshore precinct of Rainbow Beach.

Previously marketed and well over $1million, the owners of this much-loved beach shack (affectionately known as “Binda”) have decided to sell up.

The current dwelling features:

* two bedrooms
* one bathroom
* large deck overlooking parkland
* large storage room
* dining/lounge area
* kitchen

There is currently an approved Development Application for 1 Indigo Avenue/2 Spectrum Street for up to four units to be constructed on the combined blocks (TOTAL LAND SIZE – 1,038m2).

The adjacent piece of land (at 2 Spectrum Street) is also for sale if you were looking to pursue the Development Application which is valid until September 2012.

This is a once in a lifetime chance to secure a property within a stone’s throw of the beach and main street.

The Plantation Resort and Rainbow Beach Hotel have completely changed the face of Rainbow Beach and many investors are looking to the future with regards to further development.

Surrounded by National Parks and bordered by the ocean to the east, Rainbow Beach is a unique location with limited scope for expansion.

Enquire today for more information regarding this opportunity to not only own your own ‘beach shack’ but look to benefit from the capital gains in the future as well.

Property Code: 404172566