Phone enquiry code for this property : 6126
CALLING ALL DEVELOPERS & INVESTORS !

PRIME FREEHOLD BOUTIQUE DEVELOPMENT SITE 627m2 parcel of land.

Impressive HOLDING INCOME $151,214pa.

ZONING
• High Density Residential.
• RD7 - Residential Density permits 1-bed per 25 m2.
• North facing Water Views.
• Unique Corner Block allowing separate ingress & egress for developers.

Blue Chip Investment for future development offering panoramic water views and Hinterland sunsets. Strong holding income allows multiple commercial options, including maintaining current business, multi-level residential with ground floor commercial/retail redevelopment.(STCA)

Opportunities like this one only come up once in a generation, so do not delay.

CURRENT impressive Income summary over $135,000 pa.

Unit 1…$580pw

Unit 2…$410pw

Unit 3…$400pw

Unit 4…$560pw

Unit 5…$550pw

Unit 6…$400pw

Block of “Six units on One title” providing reduced

Council Rates 2023 @ $8140 pa
Water Rates 2023 @ $10,422 pa
Body Corporates Fees $0.00 pa 6 units on one title

General Features
• Bedrooms: 9 with built-in robes & ceiling fans.
• Living and Bedroom areas tiled throughout.
• Bathrooms: 6
• Car Spaces: 7
• Garage with attached bathroom: 1
• Communal coin laundry

Other Features
• 3 minute walk to Woolworths & Cavill Shopping Mall.
• 4 minute walk to light Rail.
• 6 minute walk to Beach.

Phone enquiry code for this property : 6126