The owners are about to move out, so this is going to be available as a tenanted investment (advertising at $450 per week) - holding income while you consider your options on the front of the site.
You could consider the existing application at Council to build a two story, 2 bedroom townhouse. Or create your own plan.
This TC2 site is on RSDT land - so you can develop it further and look to create a residential townhouse, or perhaps even retail below with accommodation above? (all subject to Council approval).
Just 500 metres from the beach and located right within the shopping precinct.
There's an existing, well built 1 bedroom house, just completed in 2025 and ready to be occupied.
Maybe you could live in it while you build at the front, or rent it out for some income stream while you develop the rest of the site.
With lots of solid options available here, the only question remaining is "where do you see the value"?
The new Rateable Value (commencing July) will be $400,000
Please contact Philip Watkins on 027-210 0743 (a text is ideal) to arrange a viewing or come to an open home.
