Property No: 2424648

1 Government Rd, Shoal Bay, NSW 2315

Unit 1574
$5,500,000
1 Government Rd, Shoal Bay, NSW 23151 Government Rd, Shoal Bay, NSW 23151 Government Rd, Shoal Bay, NSW 23151 Government Rd, Shoal Bay, NSW 23151 Government Rd, Shoal Bay, NSW 23151 Government Rd, Shoal Bay, NSW 2315

Prestigious Shoal Bay - Prime Development Site

One of the last remaining development sites is now available in the beautiful and prestigious Shoal Bay. This large site on the Corner of Government Road and Bullecourt Street, Shoal Bay is now available for re-development. Site is approximately 1772m2 and only 100m (approximately) to the water's edge and main shopping promenade of Shoal Bay. The site currently contains;
1 Government Rd - a cafe, squash court and 6 two bedroom units,
3 Government Rd - vacant land,
2 Bullecourt - building housing a pathology centre.
The site could hold an 18 metre high, 6 level complex with ground floor commercial and 5 residential floors of absolute luxury axpartments (STCA). (A redevelopment of this size would make the aquisition costs equate to approximately $100,000 per unit site, which is amazing value for prime flat land close to the water at Shoal Bay).
A new building adjacent to the site is currently under construction with over half the units already sold off the plan. A new multi-storey development on this site could have breathtaking views overlooking the crystal blue waters of Shoal Bay.
Current buildings on the site have great tenants and leases with great returns, who have interest in staying within any new development (leasing or purchasing commercial shop space).
Shoal Bay is only around 2.5hrs from Sydney and 45mins from Newcastle Airport, with daily flights to Sydney, Melbourne and Brisbane. This is an opportunity not to be missed. Enjoy the great investment returns and the coastal lifestyle, easy living, beautiful views and strolls to the water's edge, restaurants and shops.

Property:Unit
Bedrooms:15
Bathrooms:7
Parking:4
Land Size:1772 sqm
Open for Inspection Times:

By Appointment - Contact Agent.

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