RARE OCEAN FRONT DEVELOPMENT OPPORTUNITY
1012 sqm corner location on The Strand
Holding Income circa $42,400 p.a.
Multi-Level Development Zoning
This 1012 sqm block of land is one of Townsville's rarest development opportunities with limited stock ever coming to the market on The Strand. Improvements comprise of 8 x 2-bedroom flats on a corner allotment. Zoning allows for multi-level mixed-use development.
The property has uninterrupted views of Magnetic Island and great aspects over The Strand which make this site an ideal location for a residential unit development. There is holding income of approximately $42,400 net per annum.
With enormous potential, this will be a sought after location. The property is for Sale via Expressions of Interest closing Thursday, August 30th at 4 pm. For all the sale details please contact Shaun McLaren or Angelo Castorina at Colliers International Townsville.
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