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One of the largest peices of land ( 1012m2) this close to the Broadwater ( approx 650m).
This property has a two bedroom cottage rented to a very reliable tenant at $370p/w.
The owner had a development application approved for two freestanding houses ( see attached photos) many years ago. Such a development is possible because the street frontage exceeds 20 metres.
This type of asset is very scarce. One can only imagine how rare such a property will be in years to come?
Ideal opportunity for astute buyer to own this large parcel of coastal land, The added bonus is that there is a small holding income of $370p/w. The tenant has stated he is happy to pay $400p/w for a new tenancy. This affords the buyer the luxury of giving due consideration to the various redevelopment options one may undertake.
Act now. Contact Richard on 0423588890 for further information.
