Residential: Townhouse Sites
POSSIBLE REDEVELOPMENT SITE - 420*M FROM BEACH
Expression of Interest - Closing Thu 14 Mar 5:00pm
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.
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