A rare opportunity exists to develop an affordable 24 apartment project on a flat freehold site within the Port Hinchinbrook resort community. The site has a northerly aspect and is an easy stroll to the central Port Hinchinbrook facilities and marina. The project consists of 24 x 2 bedroom apartments in two buildings, which lends itself to staging if required.
A development application approval for “multiple dwellings < Twenty-Four Units and Commercial & Business Premises (office)” is current for the property. All units are 115sqm gross and have two car parks each. The plans are designed to be economical to construct while providing comfort and street appeal.
The project is suitable for a developer to construct, sell in one line or strata title and sell to individual investors. Management rights provide an additional revenue stream. Alternatively the project may suit a tourism operator to own and operate, or a fund to own and operate in conjunction with an onsite manager or tourism operator.
Indicative unit prices along with a full property report are available on request.