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Residential
58 Sooning Street, Nelly Bay, QLD, 4819

Property details

Agency information
Angelo Castorina

Overview

POSSIBLE REDEVELOPMENT SITE - 420*M FROM BEACH

Expression of Interest - Closing Thu 14 Mar 5:00pm

  • Adjoins existing residential housing
  • 420*m to beach, 1.5* km to marina
  • Possible immediate cashflow

The property is located on the main Magnetic Island arterial road, opposite a suburban shopping centre, 420*m from the beach, and 1.5*km from the Magnetic Island Ferry Terminal. The property adjoins established residential housing. It is 4.066* Ha in land area and has an 81*m frontage to Sooning Street, and two frontages to Kelly Street – 23*m and 20*m respectively.

The property is currently zoned Communities Facilities Zone – adjoining zoning is Low Density Residential. The opportunity exists to develop the site, with an immediate possible cashflow from subdividing 2 x residential allotments from the two frontages to Kelly Street.

Information Memorandum available.

*=approzimately

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