* 1207m2 in size, 1 street from the beachfront!
* 2 existing townhouses generating income
* Previous plans to add another 2 x units
* Take advantage of Council’s development incentive

Discover this incredible 1207m2 parcel of land, just one street back from the beachfront, featuring two solid townhouses offering income while you ponder what to do with the balance of the land.

Imagine renovating the existing apartments and adding another 2 townhouses on this prime piece of land! "Lifestyle Investors" may prefer to add a large boat shed on the front for weekends while the existing townhouses generate income ?

When both townhouses are rented, they are producing a rental return of approximately $700/per week.

Each townhouse offers the living area, kitchen, laundry and toilet downstairs with outdoor patio, and upstairs has 2 bedrooms with built in cupboards, main bathroom and separate toilet. There’s a patio off the front bedroom with fantastic ocean views over the adjoining vacant land.
(Of which is also for sale if you want the entire 4 parcels of land with subdivision approval). Each townhouse also has a single carport.

Property Code: 2843