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Residential
105 The Strand, North Ward, QLD, 4810

Property details

  • Property ID:
    13969
  • EOI:
    Closing Thu 14 Mar
  • Area:
    2,626.00 m2 (*approx)
  • Type:

    Residential: Apartment Sites

  • Development Potential:
    Residential Development Opportunity (STCA)
Agency information
Angelo Castorina

Overview

STRAND OPPORTUNITY - GOING CONCERN OR STREET-TO-STREET REDEVELOPMENT SITE. SUIT OWNER OPERATOR, ASTUTE INVESTOR OR CREATIVE DEVELOPER.

For Sale:  Expression of Interest Closing Thu 14 Mar

  • Sea views to Magnetic Island
  • Street-to-street frontage
  • Going Concern or redevelopment

Currently operated as holiday letting apartments, the property comprises of 2 titles with 9 x 2-bedroom, townhouse style apartments facing The Strand, with ocean views across to Magnetic Island, and 6 x 2-bedroom townhouse apartments plus 1 x studio apartment fronting Mitchell Street. In addition, the property includes an upper-level 4-bedroom manager’s residence with balcony and sea views, inground pool, and undercover BBQ area. All apartments are fully furnished with new TV’s. Property was repainted 3 years ago.

The property offers an opportunity for an owner operator to continue with running the existing holiday letting business or a creative developer to take advantage of the Medium Density (5-level) Residential zoning to redevelop the street-to-street site, or an astute investor to run the apartments as permanent lettings and/or possibly group-title the apartments individually for resale.

Information Memorandum available.

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