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 over $138,500 pa Unit 1$580pw Unit 2$410pw Unit 3$400pw Unit 4$ 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