Huge 3600m2 development site on the waters edge with a 46m street frontage and approximately 38m water frontage.
Approx 2539m2 is dry and 1060m2 is wet.

Ormsby Terrace is a premium address and there are views from the upper floors to the ocean.
The sellers paid more than double this price and then spent a further fortune on getting plans prepared for two possible types of development.

One proposal being an up market luxury apartments with ground floor parking for 28 cars and over 5 levels with 14 large apartments all with sensational expansive water views,the other proposal comprises 3 smallish Commercial units on ground floor and 34 Residential units being 27 x 2Brm Units and 7 x one bedroom apartments, with 64 carbays. This concept had an approved DA.
There are jetty rights available.
All plans will be subject to getting council approvals but were prepared in consultation with the council.

Please contact Peter Vetten to get a copy of the plans emailed to you.