The first time offered since 1950!
This unique property has been a much loved family home for generations - but like all properties, there comes a time to sell.
The current home sits on 1340sqm of absolutely prime real estate on Darwin's famous 'Golden Mile' - East Point Road.
It comes with a modern, independant residence (granny flat) for extended families.
The property also boasts a 36.6m frontage to George Crescent.
There are just 7 exclusive properties that enjoy the benefits of this dual street frontage.
Finding one for sale is a once-in-a-generation event, and they usually sell without coming to the open market.
The dual frontage aspect opens up so many options for your new luxury home or multiple dwelling development.
Couple that with the very flexible LMR zoning, and you have so many possibilites for maximising the value of the land.
Or, you may be happy to utilise the current home and granny flat as your family home.
So, the options include -
* Keeping the existing home and granny flat as your home
* Build a new luxury home for your family
* Develop into 2, 3 or 4 townhouse units (STPA)
* Subdivide the land into smaller lots (STPA) - to build on, or sell
These are the salient features of 114 East Point Road -
* Absolute seafront location
* 1340sqm land size
* 39.68m frontage to East Point Road
* 36.6m frontage to George Crescent at the rear
* 29.17m frontage to East Point Road Park
* Just one neighbour
* No easements on title
* No power lines obstructing the view
* Zoning LMR - Low to Medium Density Residential
* LMR zone allows for subdivision or multiple dwelling development
* Sturdy 4 bedroom home with ensuite
* Massive 350sqm concrete deck for sunset views
* Modern granny flat accommodation at the rear
* Blessed with glorious sunsets every evening
* Walk just 300m to Fannie Bay Shops with a variety of lifestyle shops
* Stroll 550m to the East Point Reserve entry and Lake Alexander
* Love horses? - the Equestrian Club is nearby
* The Darwin Turf Club is also nearby
* Parap Primary & Darwin High Schools are within walking distance
* Just 5 to 10 minutes from your CBD office
You may not have been seeking a new home when you saw this property advertised, but an opportunity such as this is genuinely rare, and should not be ignored.
With new multi-million dollar home being erected a stones throw from 114 East Point Road, you know that your investment here is secure.
However, the pleasure of living in such a coveted location will be the greatest reward.
