Redevelop or Land Bank – Beachside Block

This block consists of 7 units.

5x 2 Bedroom units, 1x 1 Bedroom unit and 1x 3 Bedroom unit

All x7 units are permanently leased at $134,000 Gross per annum.

Site Area: 1012m2 approx.

Frontage: 20m approx.

Land Use: High Density Residential

(Multi-Residential, Rooming Accommodation, Retirement Facility, and Short / Long Term Accommodation)

Current Building Height Zoning: 53m

Current Residential Density: RD7 (1 bed / 25m2) However, there is scope to potentially go beyond this with a Higher Density (Eg: 1 bed / circa 10m2)

Further details available upon request.

Please contact Antonio Mercuri on 0434 629 521 or email: antonio@gvpropertygroup.com

This property is being marketing in conjunction with Raine and Horne Mermaid.

Note Re. Images: Highlighted boundary in the images is a approximate.