A rare opportunity to secure three strata-titled homes offered in one line on approximately 967sqm of level R3 Medium Density Residential land in the heart of The Entrance.
With all three dwellings currently leased, the property provides strong holding income while offering exceptional future redevelopment potential in a highly sought-after coastal location.
Prime location opposite shopping centre (Town Centre) and 5 min walk to the beach WOW!
Key Features
Three strata-titled homes sold in one line
Strong existing rental income
Approx. 967sqm level site
Approx. 18.3m street frontage
R3 Medium Density Residential zoning
Walk to beaches, cafés, shopping, schools and public transport
Ideal holding income while planning future development (STCA)
Development Potential
The site may benefit from recent NSW housing reforms, including potential eligibility under the Low and Mid-Rise Housing Policy allowing higher-density residential development, subject to the applicable planning controls and Council approval (STCA).
Indicative development parameters include:
Potential FSR of up to 2.2:1
Approximate Gross Floor Area of 2,127sqm
Potential additional floor area 2766 through affordable housing incentives*
Potential for a residential flat building of up to six storeys*
Indicative capacity for approximately 24 - 26 apartments*
This is an outstanding opportunity to secure a substantial coastal landholding with immediate income and significant long-term upside.
Disclaimer: Development information is indicative only and subject to planning controls, council approval, site investigations and purchaser due diligence. Purchasers should rely on their own enquiries and obtain independent professional advice.
*Development outcomes and affordable housing incentives are subject to eligibility and approval requirements.
The selling agent discloses that they have a personal interest in the property within the meaning of the Property and Stock Agents Act 2002 (NSW).
