This 911sqm property is zoned 3D Waterfront development, which should feature waterfront/marine activities & tourism.
The property creates an opportunity for a like minded developer to develop this property and take advantage of the tourism growth in Chinderah.
The home features 2 x bedrooms, one bathroom separate lounge & dining. This property is currently leased to Administration/Department of Veteran Affairs, with a rental return of $26,546 pa, including all outgoings and maintenance.
This property would be well served with a restaurant development on the ground floor with commercial offices on the second floor and off-street parking at the rear of the property.
This represents a great development opportunity.