Property Highlights:
1,783m2 Dual Fronted Development Site
Expansive 50m Frontage to Fourteenth Avenue
29m Height Limit / RD6 Zoning
Development Approval for 58x Apartments across 9 levels
Current Asset: Commercial building generating c. $210k P/A plus outgoings
Existing Land Use:
Palm Beach Health Centre comprises over 19 separate tenancies across which house 8 key tenants.
The rear of the lot provides off-street parking for 15 cars and 5 lock-up garages.
Some info on the leases – they were given a notice to vacate June 2022 due to demolition. Notice to vacate by June 2023. We can keep you updated on the current status of these notices.
Seller will consider offers with extended settlements between 6 months and 12 months.