Exciting New Plans for One of Tin Can Bay's Most Iconic Waterfront Properties!
An exciting change of direction for this landmark waterfront property.
Previously offered for sale in its entirety by auction, the owner has now elected to withdraw the property from auction and pursue a subdivision of the substantial landholding, creating an opportunity for individual buyers to secure their own piece of Tin Can Bay's waterfront lifestyle.
Occupying approximately 4881² in a prominent Esplanade location, the property boasts approximately 80 metres of street frontage and 54 metres of deepwater frontage.
The vendor is currently progressing a development application for a proposed nine-lot subdivision, comprising the existing residence and eight additional residential allotments, including three proposed waterfront lots, subject to council approval.
EXISTING RESIDENCE OFFERS FROM $850,000
The existing residence is now being offered for sale separately, with offers invited from $850,000.
This presents an opportunity for buyers looking to secure a home in a highly desirable coastal location.
The sale will be subject to the necessary subdivision approvals and registration of the separate title, with settlement to take place once the relevant conditions have been satisfied.
EIGHT ADDITIONAL PROPOSED ALLOTMENTS (STCA)
The proposed subdivision is designed to create eight additional residential allotments, including three waterfront lots.
With waterfront land becoming increasingly sought after, this presents an opportunity for buyers to register their interest early in the proposed development.
PROPERTY HIGHLIGHTS
Approximately 4881² total landholding
Approximately 80 metres of Esplanade frontage
Approximately 54 metres of deepwater frontage
Proposed nine-lot subdivision (STCA)
Existing residence plus eight proposed additional lots
Three proposed waterfront allotments
Existing residence offers from $850,000
Prominent coastal location close to boating facilities, marina, shops and amenities
Residential Choice zoning
A NEW CHAPTER FOR AN ICONIC TIN CAN BAY LANDMARK
Formerly home to Tin Can Bay's well-known fish market and seafood processing facility, this landmark property is set to undergo a significant transformation.
As part of the proposed redevelopment, the former fish market building will need to be demolished to facilitate the subdivision.
The development application and associated works will take time, and prospective purchasers are encouraged to register their interest now to receive updates as the project progresses.
Whether you're searching for a coastal home, a future waterfront homesite or a long-term investment opportunity, this proposed subdivision is certainly worth considering.
Expressions of interest are now invited for the proposed allotments.
For further information, contact Ali Zengin, Principal & Auctioneer at Creek to Coast Real Estate.
Disclaimer: The proposed subdivision is subject to council and relevant authority approvals (STCA). Proposed lot configurations, sizes, boundaries and availability may change. Demolition and subdivision works are yet to be completed. The existing residence is offered subject to the necessary approvals, creation and registration of a separate title and applicable contractual conditions. All measurements are approximate. Interested parties should undertake their own independent enquiries.
Disclaimer:
The information contained in this advertisement has been provided to Creek to Coast Real Estate by sources we believe to be reliable. However, we make no representation or warranty as to its accuracy, completeness, or correctness. Interested parties should make their own enquiries, conduct their own due diligence, and seek independent professional advice to satisfy themselves as to all aspects of the property.
All measurements, areas, dimensions, photographs, floor plans, illustrations, descriptions, and other details are provided for marketing purposes only, are indicative in nature, and may be subject to change without notice. Creek to Coast Real Estate accepts no responsibility for any errors, omissions, or inaccuracies contained herein. Prospective purchasers should rely on their own investigations and not solely on the information provided in this advertisement.
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