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Prominently positioned offering high exposure, this architecturally designed property overlooks Port Macquarie, and offers an unparalleled opportunity for the discerning buyer with two development opportunities available.
Option 1 Current format ( DA provides Strata and subdivision) provides three self-contained apartments ranging from a stunning two bedroom top floor residence with 180 degree views overlooking Port Macquarie and surrounding precincts, a quality three bed mid-level apartment and a one bed ground floor unit all with off street parking, as well as a vacant 450m2 area of land with space for a further three units (STCA) which would arguably double the property's return and more.
Option 2 (DA provides Medical and carpark) Offers the opportunity for the site to be easily transformed into a medical practice or ancillary service with the mid-level providing consultancy rooms, main office reception, staff amenities and waiting room leading onto an easily accessed 14-space car park parallel to Ocean Drive. Supplement your income by leasing the upper level residence and lower level unit which could be easily converted to a secondary medical business or professional rooms.
Rarely does such a great opportunity come to the market offering so many options for further development & potential income growth on a highly visible site that would be perfect for a medical practice.
Council Rates $3,800pa
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