Unique to the market, this entire Mixed Use block presents an extraordinary opportunity for the developer or investor with incredible scope to further capitalise. Combining a prime beach village location with a private elevated setting opposite Simpson Park, the substantial dual access property features four semi-sized apartments plus two high-exposure retail stores and off-street parking for five cars. Retain as a sound investment, renovate and add value or explore the potential to further develop the approx 593sqm site.
- 4 large strata-titled apartments and 2 commercial/retail shops
- Each with 2 spacious bedrooms plus a sunroom or study/3rd bed
- All apartments with ocean views and upper level with dual balconies
- Lower level apartments open to courtyards on title and leafy garden
- Rear access via Lugar Brae Avenue to parking, scope to further develop STCA
- Exciting opportunity, on the market for the first time in 30 years
- Potential estimated gross income $210,000 pa (on fully leased basis)