Opportunities like this only come along once in a while. A fully council approved development application with option, is current on this dual 1,452m2 (approx) site. Fully drafted, consisting of 1 x 3 bedroom, 8 x 2 bedroom and 3 x 1 bedroom units over four levels with parking in the basement. The site location is ideal for this type of development being close to all major shopping centres and walking distance to beach, clubs, caf’s and hotels.
Presently both properties are fully tenanted returning a combined total of $3,520 per month making this site ideal to buy now and develop, or buy now, sit out the approval, take up the option then commence, either way sites like this with fully drafted approvals are rare.
FEATURES:
andbull; 1 x 1451m2 (approx) Approved Development site with 38.5 m frontage
andbull; Fully approved drafted Development for up to 12 units with option
andbull; 1 x 809m2 (approx) allotment with house returning $235 pw
andbull; 1 x 642m2 (approx) Allotment with 3 units returning $610pw
andbull; Council Adopted Infrastructure schedule. All plans and particulars

This development site and approved application is a must see proposal. The vendors are willing to consider all offers.