The Hottest Ticket in Town - 6 Freehold Titles in Long Jetty
The most sought after development opportunity in Long Jetty, now available for the first time in decades. 328-336 The Entrance Rd & 15, 17, 19 & 21 Elsiemer Street, Long Jetty. 6 Titles in all, with a combination of Highway Exposure, Commercial Zoning, Residential zoning and a local real estate market screaming out for more opportunities.
Located perfectly to take advantage of the Central Coast Highway exposure and passing traffic, the property has a perfect position between Tuggerah Lake and Shelly Beach, meaning you are only ever minutes away from water in both directions.
With 10 existing income streams and a proposed 11th in negotiations, the total net income is circa $207,000 per annum. Current tenants include Australia Post, Kloth, Wildberry, Bowlarama, Yasaka Japanese Restaurant and an additional 5 residential incomes.
Perfect opportunity to secure this amazing development site with a substantial holding income whilst you prepare and plan for the long game and create your future development.
• Flat Land with 6 Titles and 2 zonings that can be explored extensively
• Generous Floor Space Ratio to take advantage of
• Zoned for retail, multi-residential, childcare, medical, food & beverage
• Approx holding income of $207,000 per annum net + GST when fully leased
• Total land holding of 4,418m2 approx
• 2,728m2 (approx) R1 General Residential Zoning
• 1,690m2 (approx) B6 Business Corridor Zoning
• 6 Retail incomes generated from the existing commercial tenancies
• 5 Residential incomes giving you stability and a cash flow from day 1
• 45 meters (approx) Highway Frontage
• 94 meters (approx) frontage to Elsiemer Street
Whether you buy and hold, develop the lot or keep what you want and flip the balance, this opportunity will cater to just about everyone's needs.
For Sale by Expression Of Interest
Closing 12pm
14th January 2022
For further interest, contact the Exclusive selling agents Raine & Horne Commercial Central Coast
Brad Rogers Raine&Horne Commercial Central Coast 0459 921 122
Andre Bianchini Raine&Horne Commercial Central Coast 0403 287 793
Remember to mention you found this property on DevelopmentReady
