Residential: Apartment Sites
WATERFRONT DEVELOPMENT SITE WITH ALL APPROVALS IN PLACE!
Presented by The Mr Sell Team
This Redland Bay development site consists of 3 lots, totalling 2422m2. With 2 street frontage and full DA approval for a 7 level apartment complex with all apartments having a water view. The approved complex will consist of 2 levels of secure on-site parking, then 5 levels of luxury apartments all with water views overlooking the bay and islands. In total there will be 35 x 2 bedroom apartments and 10 x 3 bedroom apartments.
The current site is returning a combined rental income of approx $86,000 per annum and is made up of 3 homes on separate titles and 28 car parking spaces. Waterfront sites like this are very difficult to find and with its close proximity to shops, schools, marina and many other local amenities, this is a great opportunity for a developer to move in an create an iconic Redland bay waterfront address.
The sellers are motivated and very serious and now want this site SOLD!
We have prepared a property video that shows off this wonderful opportunity
Please give us a call or email to receive more in-depth information about this property including all approvals and plans and a current rental appraisal.
Inspect with The Mr Sell Team
PROJECT WILL PROVIDE A GREAT RETURN FOR DEVELOPER