Positioned east of Oxley Avenue and just 400m from the waterfront, 41 Mabel Street presents an exciting opportunity in one of Margate's tightly held coastal pockets.
Set on a generous parcel zoned Next Generation Neighbourhood, the property comes with approval for three townhouses, opening the door for developers and investors to capitalise on its potential. Alternatively, there is the option to retain the existing home, subdivide the rear of the block (subject to relevant approvals) and create an additional homesite. For those looking for something more traditional, simply enjoy the existing residence and its fantastic location.
The home itself is a beautifully maintained 1950s cottage, rich in character and offering plenty of charm. High ceilings, polished timber floors and a tiled roof are complemented by a practical floorplan, with the main bedroom thoughtfully separated from the additional guest bedrooms. There are also lovely outlooks across to Langdon Park, adding to the appeal of this established home.
Property Highlights
* Approved for three townhouses
* Zoned Next Generation Neighbourhood
* Opportunity to retain the existing home and explore subdivision potential at the rear (STCA)
* Beautifully maintained 1950s character cottage
* High ceilings and polished timber floors throughout
* Tiled roof
* Thoughtfully designed layout with the main bedroom separated from the guest bedrooms
* Outlook across to Langdon Park
* Just 400m to Margate Beach
* Positioned east of Oxley Avenue in a tightly held coastal pocket
Whether you're looking to develop, invest, explore the potential for dual occupancy or secure a character-filled home close to the beach, the options here are genuinely exciting.
Opportunities offering this level of flexibility, so close to the waterfront, are becoming increasingly hard to find. Contact us today to secure this fantastic property.
Disclaimer:
In preparing this advertisement we have endeavoured to ensure the information contained is true and accurate. We accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained.Digital enhancement, including virtual furniture staging or removal, may have been used. Prospective purchasers must rely on their own enquiries, inspections, and legal advice to verify all details.
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