Prime Site!
With the sea at the end of the street, a commercial zoning and a solid rental return, this centrally located corner site of 963sqm is now seriously for sale.
Consent for subdividing the front portion is in place awaiting only a firewall should you wish to divide the site, but the potential for land banking or developing the full site is the obvious option here.
Consisting of:
1 x 3-bedroom house
2 x one-bedroom units
7 x Studio units
1 x large storeroom
1 x small office
This ex motel in the heart of the city is currently used for permanent tenancies and seldom has vacancies.
Registered valuation available
Price $1,500,000