This block is 2024 m2 with two-street frontage between The Esplanade and See Street. It is situated two blocks north of the Bargara CBD and popular Bargara Hotel, shops and restaurants. It is about 500m south of patrolled Nelson Beach and surf club. It is also within a kilometre of a newly built Woolworths shopping complex.

The Development Approval is currently for 21 x three bedroom units. The building is designed by award winning PCA Architects.

The application was lodged under the superseded town plan, so has the advantage of being approved to five storeys on The Esplanade. New applications under the existing town plan are restricted to only three storeys.

A further advantage under the superseded plan is that no head works are payable on the development on the Esplanade block.

This DA has strategically obtained approval for the maximum population density allowable for this site, giving you flexibility and choice. You may decide to amend the plans for fewer, larger units.

Income from Site: The site consists of a motel on the front block and block of 5 units at the rear. It is currently leased and returning approx $86,000 pa with a minimum 3% CPI increase plus a demolition clause.

Compared to other recent sales in the area, this property represents very good buying!!

For more information about this exciting development, phone Mark Rapson direct on 07 3396 5722 of mobile 0413 958 100