• For sale subject to DA approval.• Prominent location / Zoned Residential ‘B’ in a quiet street.• Land area 19,270m2• Suitable for 90 to 100 townhouses with council permission.• Land cost $54,000 to $60,000 per townhouse site.• Located close to schools, shops, post office, tavern and the fishing waters of the bay.• Vendor will consider a joint venture.• Agents say that the finished 3 bedroom ensuite 1 garage townhouses of 164m2 should sell for $325,000 + each.• Profits on the development will be HUGE.• Price $5,400,000

From the 1st of January 2010 a copy of the Sustainability Declaration for this property will be available from the Agent.