BEACHSIDE HOME - DOUBLE BLOCK - PRICE REDUCTION!
This beachside home offers a huge range of potential options to the astute purchaser. The home has potential to be renovated for the owner occupier to have a nice beach house on a large block with future development potential or the development could be explored immediately with the location and current zoning offering a very realistic and viable development opportunity.
This home spans two 405m2 blocks giving a total of 810m2 development potential land.
Alternatively the house could be demolished to create two individual blocks.
The current zoning (STCA) allows for one bedroom per 50m2 with a three story height limit giving scope for a multiple dwelling development or alternatively substantial beachside houses.
The property is situated in a cul-de-sac street with park and beach access at the end of the street and also access to the beach via Kropp Lane which is adjacent to the property.
The property is in a great beachside location within easy walk to the beach, cafes and shops that the Tugun village has to offer.
There has been a recent development nearby which has proven the demand for a Coastal style beachside villa development.
Feasibility enquiries and discussions are welcome.
median house price867500
median house rent590
suburb rental yield3.5%
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.