Adjacent to parklands and only approximately 360 metres to the patrolled Surf Beach, this big 1012m2 corner block is zoned Medium Density Residential which allows unit development as of right. You could live in this solid home or rent it out for a holding income until ready to develop.

This corner site is very suitable for townhouse development and currently has council approval for 5 apartments. Opposite the reserve, close to the beach and within walking distance to shops, hotels and restaurants, the position is ideal.

The area is developing with quality units and is earmarked as the future medium density development hot spot. The current price represents an opportunity for the astute investor to reap future capital gain.

Property Code: 16