180-182 Shoal Point Road, SHOAL POINT QLD 4750
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- 14 Oct 2016
Land Jewell by the Sea - Development Approval
180-182 Shoal Point Road
Shoal Point, Mackay, Queensland
Real Property Descriptions of Assets for Sale:
Lot 1 RP722851 & Lot 6 RP727017 & Lot 5 RP727017 County of Carlisle, Parish of Bassett
Total 13,628 sqm (approx.)
180 Shoal Point Rd 6,053 sqm
182 Shoal Point Rd 7,575 sqm
Current Zoning: Park Residential
The property currently has a mix of houses and original (older style) apartments onsite
which are all rented producing approximately $283,000 in gross rental income. This
provides a good holding income covering Council Rates & Land Tax.
The subject site has a current Development Approval (DA) for 62 multiple dwellings
units consisting of apartments and townhouses. Nine (9) apartments have been
designed as dual key apartments, thereby providing 71 'keys'.
Architectual designs have already been completed.
It is ideally located within Mackay's most desirable beach suburb of Shoal Point, to
take advantage of beachside residential needs.
The designed development lends itself to a staged approach to delivery, in which the
townhouse section could be delivered before the apartment section. Given recent
local success on other sites, there has been initial planning discussion to design a small
lot land sub-division on the combined site as an alternative delivery solution.
The assets are offered for sale by Expression of Interest
Contact Des Besanko for more details on 0419 860 129.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
180-182 Shoal Point Road SHOAL POINT