This unique and clearly outstanding real estate opportunity MUST be sold at or prior to auction.

The property features 760 square metres of land (zoned 2(b)) with an amazing 32 metre reserve frontage to Broken Bay, affording uninterrupted water views to Lion Island, Box Head and Barrenjoey headland.

The existing house has been partitioned & separated into 2 x 5 bedroom holiday dwellings which currently return $980 per week.

Development Approval was granted in December 2009 (expiring December 2014) for 3 x exceptionally designed luxury townhouses taking full advantage of the priceless views. Once complete, this development will set a new standard for luxury accommodation in the locality.

Outstanding potential on several fronts ……..

(1) Utilise the current DA and realise 3 x luxury apartments immediately
(2) Hold the site, reap the rental return and develop later
(3) Convert existing improvements into a single house on a large block of land – with one of the widest ocean frontages the Coast has to offer.

Less than 400 metres to a brand new Aldi supermarket , who amongst others, have joined Woolworths, Coles & Bunnings driving a retail resurgence in the Umina Beach CBD. Get ready to ride the wave !!

Contact John Ienna 0421 202 383 to discuss this outstanding opportunity further.