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SOLD

17 Wighton Street, Margate, QLD, 4019

Properties / Sold / Queensland / Margate

Development Potential

1. Property Summary

Property Type

Commercial, Residential

Sub Type

Office, Apartment Sites, Townhouse Sites, Boarding House

Land Area

971 m² (*approx)

Selling Method

For Sale: $650,000

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2. Property Highlights

PRIME MARGATE LOCATION – MULTIPLE OPTIONS (FROMER MEDICAL PRACTICE)

This 971m2 site is adjacent to the Margate CBD and just 300m from the beach. Previously operated as a medical practice it features a single level brick building with several covered car parks at the rear.
The property is classified within the Urban Neighbourhood Place Precinct within the General Residential Zone under the Moreton Bay Regional Council Planning Scheme 2016.

Under the scheme, opportunities include:-

Residential uses include home-based business, residential care facility, rooming accommodation, medium and high-density housing including apartments and townhouses.
Non-residential uses may include Medical facilities (as previous) community activities – such as childcare centre, club, community care centre, community use, educational establishment, health care services, and place of worship.
Small scale retail and commercial activities – such as food and drink outlets, hardware and trade supplies, offices, service industry, shops, veterinary services.
The site can be developed to maximum site coverage of 50%, and height to 12m. This results in a maximum allowable Grodd Floor Area (GFA) of approximately 1,942 square metres (STCA).
Block dimensions 24m x 40m

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