Phone enquiry code for this property : 0384
CALLING ALL DEVELOPERS & INVESTORS.
PRIME FREEHOLD BOUTIQUE DEVELOPMENT SITE 627m2 parcel of land..
Impressive HOLDING INCOME $151,214 pa.
High Density Residential
RD7 - Residential Density permits 1-bed per 25 m2.
North facing Water Views.
Unique Corner Block allowing separate ingress & egress for developers.
Blue Chip Investment for future development offering panoramic water views and Hinterland sunsets. Strong holding income allows multiple commercial options, including maintaining current business, multi-level residential with ground floor commercial/retail redevelopment.(STCA)
Opportunities like this one only come up once in a generation, so do not delay.
CURRENT impressive Income summary
Unit 1$580pw
Unit 2$410pw
Unit 3$430pw
Unit 4$ 560pw
Unit 5$550pw
Unit 6$400pw
Block of Six units on One title providing reduced
Council Rates 2023 @ $8140 pa
Water Rates 2023 @ $10,422 pa
Strata Management Fees @ $0.pa.
General Features
Bedrooms: 9 with built-in robes & ceiling fans.
Living and Bedroom areas tiled throughout.
Bathrooms: 6
Car Spaces: 7
Communal coin laundry
Other Features
3 minutes walk to Woolworths & Cavill Shopping Mall.
4 minute walk to light Rail.
6 minute walk to Beach.
Phone enquiry code for this property : 0384
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.08 km | 2 | 1 | 70m2 | 2024 12 19 | - | Council approved | |
 | 0.14 km | 2 | 1 | -m2 | 2024 12 19 | - | Council approved | |
 | 0.12 km | 3 | 2 | -m2 | 2024 12 01 | $1,021,500 | Council approved | |
 | 0.08 km | 2 | 1 | 74m2 | 2024 10 20 | $535,000 | Council approved | |
 | 0.14 km | 2 | 1 | -m2 | 2024 10 17 | $525,000 | Council approved |