Located in the prestige suburb of Point Frederick, and only 150m from the waterfront and sailing club, is this 771sqm DA approved development site.
Currently DA approved under the Council's 30% bonus scheme with substantial commencement giving you the ability to start construction whenever you're ready without losing the current DA.
The approved plans provide for 8 high-end town homes with features such as 6m high ceilings, floor to ceiling windows, water views, roof top terraces, private courtyards, basement car parking and lift access.
The property has an existing 2-bedroom fibro home on it currently being leased for $430 per week.
This unique site is perfectly positioned and offers a great opportunity for a developer or investor.
