Development Opportunity + Market Timing = Success
Sound like a good recipe, well it is! This half acre development site at Bargara Beach has council approval for 21 units. The ink is still drying, the plans have just been stamped and now the sellers want a quick sale. History will not be repeated under the current council town planning scheme such a five level esplanade development site will not be granted in the future. Yes the door has closed to these development opportunities so we recommend you act quickly to secure this one.
Bargara Beach is on the coast of the thriving regional city of Bundaberg, which is just four hours drive north from Brisbane. Bargara Beach has come of age and is now a sought after destination for visitors and residents alike. With one of the world’s most equitable climates, pristine beaches and waters of the Pacific Ocean, a friendly and happy lifestyle and services and facilities as you would expect, this region is set to grow strongly in the future.
This site is approved for 15 esplanade front units over 5 levels with 6 units over 2 levels at the rear street frontage. The absolute bonus with this site is there is a current tenancy in place for the existing residential properties which returns $85,000 per annum. Yes while you are exploring the development opportunity, you will be receiving income on the property.
Make your offer now in writing our sellers are very keen to sell now in today’s market.
Buy now in today’s market to secure your future!