Secure Your Chance To Cash In On This Waterfront Property
An exciting opportunity is fast approaching with an amazing potential money maker up for grabs. Set on 1,500m2 approx this property would be ideal to develop 5 quality townhouses (STCA) that we believe could achieve minimum $550,000 per dwelling as a final sale price. Currently featuring a 3 bedroom, 1 bathroom character home, tenanted for $370.00 per week you can benefit from an income while waiting for council approval. With thoughtful planning, staggered townhouses can take in views from several of the front dwellings, possibly increasing the value further.
Based on previous sales on 7 & 5/116 Marine Parade (2 story, 3 Bed, 2 Bath, DLUG) $512,500 & $510,000 respectively in late 2010 and more recently 6/2 Skinner Street (2 Story, 3 bed, 2 bath, SLUG) sold at $511,000 and Lot 19/2 Skinner Street Hastings sold (Land only 296m2) on 11 May 2013 for $205,000, based on these facts the opportunity to secure a real money winner is obvious to any astute investor.