Auction Location: On-Site & Online.
Located in an enviable location, just a 450-meter flat stroll to the pristine foreshore reserve, beach and close to shops, restaurant and schools is this development opportunity on an allotment of 814 sqm approx. ready to go for the astute investor.
The modest existing home is currently tenanted on a month to month basis at $1434 per month and offers three bedrooms open plan living and dining, separate kitchen and tandem double garage.
The house and land are being sold with approved plans and permits to develop two 3 bedroom and one 2 bedroom double story residences. Architecturally designed, these contemporary residences have been carefully considered to suit the local environment, comprising a blend of the traditional beach 'shack' with contemporary elements to suit the modern lifestyle.
Each villa comprised of an open plan kitchen and dining area with a separate living zone both spilling onto the north westerly facing private courtyards to maximise the natural sunlight.
Master bedrooms are located on the ground floor as is the European laundry. Upstairs there are two generously sized guest bedrooms which are service by a central bathroom.
There is recent sales evidence of modern single level units selling up to $850,000 and double story town home selling for over $1 million.
Being in such a desirable location, coupled with the desire of many to live and work, retire or simply have a holiday home on the Peninsula within walking distance to the beach, demand for these homes once built is likely to be very high.
With no more beaches scheduled to be made and land close to the foreshore being such a rear commodity, this opportunity will appeal to investors/developers wanting a 'blue chip' building site, holiday home makers and land bankers alike.
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