Flexible Unit Development - Walk to the Beach
* Flexible Unit Development –walk to the beach
* This 2514m2 medium density zoned property is an ideal development site for units (STCA).
* Previous DA approval now expired. The location is just of off Boat Harbour Drive and all amenities are within walking distance.
* It is very close to all major shops and a mere 806 meters to the water.
* The property has a two bedroom, 1 bath home with an original condition shed.
* The tidy brick home with steel frame has a rental appraisal of $280 per week.
* The land is relatively flat therefore reducing development costs.
* This is a property with options:
1.Live in the house located at the front of the block and develop the rear of
the property (STCA).
2. Rent out the house and utilise the valuable side access to develop the rear of the property, either in stages or all together (STCA).
3. Buy now to secure a large land parcel close to the beach and hold for future development.
With interest rates at record lows and rental income available now is the time to take advantage of buying a flexible development opportunity with upside.