First time for sale in decades. Perfectly positioned on the coastline, this solid brick and tile apartment presents an exceptional opportunity for investors, developers, and lifestyle buyers alike. Set within a boutique group of only eight residences on a substantial landholding, this is beachside buying with exciting future potential.
The apartment currently offers a spacious bedroom, generous open-plan kitchen, living and dining area flowing onto a private balcony, plus the convenience of a dedicated carport and own laundry.
What truly sets this property apart is its significant development upside. Previously zoned R40, the property now falls within the proposed 457 rezoning precinct, with the zoning updated to R160 Mixed Use (Residential & Commercial). The entire group sits on approximately 2,124sqm of prime coastal land, creating outstanding long-term possibilities for redevelopment.
Already leased to an excellent tenant, this is an ideal opportunity to secure a premium beachside asset with immediate rental income while holding for future growth and redevelopment potential.
Whether you retain the property as a high-performing investment, explore future development prospects, or potentially benefit from developer interest down the track, the options here are truly exciting.
Features include:
* Solid brick and tile construction
* Spacious bedroom and open-plan living
* Balcony, laundry and carport
* Small group of only 8 apartments
* Approx. 2,124sqm total landholding
* Proposed R160 Mixed Use zoning under the 457 rezoning precinct
* Excellent investment with tenant already in place
* Exceptional beachside location with strong future potential
Opportunities like this are increasingly rare in such a sought-after coastal location.
For further information, to arrange a private inspection, or to submit an offer, please contact us today.
Contact Jarrad O'Rourke:
0418 921 527
Office: (08) 9341 6611
Or email: jarrad2@orourke.com.au
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Disclaimer:
Every effort has been made to ensure the accuracy of this advertisement. All information provided has been sourced from the seller and other reliable sources. However, prospective purchasers are advised to conduct their own due diligence and independent enquiries. O'Rourke Realty and the seller make no warranty regarding the accuracy or completeness of the information provided.
