“I've noticed a significant number of retirees looking to downsize on the Northern Beaches, but they can't find a home appropriate to their needs.”
That’s Mark Thorn of Thorn Property who has recently listed two incredible development opportunities for sale, set to please both developer and end-user. Mr Thorn sees an opportunity in building to meet demand, and for him, demand exists within the cashed-up, retiree generation.
“They’re looking specifically for apartments and townhouses that are large, 3 beds minimum, and basically 'lock up and leave'. They’ve got cash to spend too – likely as a result of the sale of their family home.”
Thorn Property currently have two sites in particular that fit this mould; one in Port Macquarie and one in Avalon. Both properties are different and present different opportunities, but Mr Thorn attests to the quality and potential for healthy profit margins, despite what doom and gloom is presented in Sydney property reports.
“To me, this represents a no-brainer opportunity for developers who want to build quality property choices for a cashed-up demographic that is under-supplied.”
26-28 William Street, Port Macquarie, NSW, 2444
This represents one of the last remaining luxury beach front apartment sites in NSW. The site is neatly positioned directly opposite the ocean with spectacular views running north up the coast.
Added to this, the property already has a lapsed Development Approval granted for the construction of a seven-storey residential building with underground parking, containing 13 apartments, a penthouse and a restaurant, or 14 apartments and a penthouse.
For sale by private treaty, enquire today to receive a copy of the previously approved plans.
35 Kevin Avenue, Avalon Beach, NSW, 2107
This large 1,403sqm gently sloping block in a quiet, leafy street is the perfect Seniors Living opportunity (STCA). Situated only 640m to the sands of Avalon Beach, the site supports quality townhouses or apartments (many with district views) and complies with State Environmental Planning for seniors or people with a disability housing.
The location is perfect, affording residents a relaxed, sea-change vibe with a café and beach environment. Situated just off the main roads, it remains within easy reach of all amenities and access to public transport; residents can keep their sense of independence, while still feeling secure.
For sale by private treaty, enquire today to receive more information.
*Please note that all financials, measurements and distances quoted are approximate only.
Enquire today to receive further information on either property.
Mark Thorn: +61 419 989 923