Future Development Opportunity and Smart Investment.
Developers and investors take note, this site has loads of potential and is great value too.

This property is located approximately 150m from the beach and any future development will capture incredible panoramic views taking in the ocean and the hinterland.

The average land price for development sites like this in Palm Beach exceeds $3,000/sqm and beachfront is ready to exceed $8,000/sqm. These sellers are only asking $1,500/sqm approx. That’s incredible value buying and you can do so much with it.

- Total Land Size: 2,405m2
- GCCC Zoning: RD5 – Medium Density Residential
- Building Height: 29m (potential for height relaxations, subject to council approvals)
- Street Frontage: Two (excellent options for future traffic management)
- Residential Density: 1 bed/50m2
- Land Price/m2: $1,538 approx

Existing dwellings are two adjoining unit blocks
- One low set building. One double story building
- Eight units in total
- 5 x 2 bedroom units
- 3 x 3 bedroom units
- All have one bathroom each
- All have single lock up garage (6 with internal entry to their corresponding units)
- All are in good condition. Some are renovated.
- 5 units are owner-occupied
- 3 units are tenanted
- Potential rental income: $180,000pa approx.
- Outgoings: $49,000pa approx.

Palm Beach is a hot suburb right now for very good reasons. It’s a growing suburb with lots of lifestyle appeal and it’s still affordable That’s why there are some remarkable projects currently underway and more in the planning stage.

You can look all day for a better value site in Palm Beach but we doubt you’ll find it.
Look it over. Think it through. Make an offer.

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