Waterfront Mixed Use High Rise DA Site - 10% Returns From Existing Caravan Park
Waterfront Commercial / Residential Mix Use Site - 10% Return From Existing Caravan Park
• Prime approx. 1474m² mixed use site over 2 titles with 16m - four storey height limit.
• Prime position - directly opposite scenic Long Jetty foreshore and bike track.
• Zoned E1 local centre with 1.5 to 1 floorspace ratio, and allowing commercial/residential shop top housing.
• Excellent potential for waterfront seafood market restaurant, functions centre, plus shop top residential apartment.
• Currently operating as existing caravan park for 12 self-contained cabins, fully leased on a permanent leases basis.
Provides a strong holding income stream pending DA approval.
• Current leases returning approximately $234,000 per annum with management in place.
• Great opportunity to acquire a waterfront DA site with current holding income, offering excellent redevelopment upside for a quality mixed use waterfront reserve commercial / residential project with 16m height limit and 1:5 to 1 floorspace ratio.
Investor Clearance - syndicate ownership disbanding - price reduced to clear.
- For all financials, contract, concept plans and tenancy schedules, email agent Bruce McLachlan.
(E&OE) Please note that all information, herein is gathered from sources we, McLachlan Partners believe to be reliable. Computer images, photos, plans, drawings, maps etc are indicative only. McLachlan Partners cannot guarantee its accuracy and any interested person/s should rely on their own enquiries.
