The R30 zoning provides flexibility for various development options, meaning you could potentially subdivide the block, build multiple units, or explore other residential opportunities (subject to council approval). The 1618 sqm size gives you a lot of room to work with.
The dual access from Second Street adds value, as it provides convenience for access and potential for subdivision, allowing entry from different directions.
The ocean and island ocean glimpses from the elevated 2 bedroom, 1 bathroom (plus shower room) character cottage make this property even more appealing.
If you're considering buying, selling, or developing the property, this combination of zoning, location, and features could offer excellent opportunities. Existing plans available for 5 unit development site.
