35-37 Esplanade, BARGARA QLD 4670
$2,700,000 (under offer)
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- 18 Nov 2016
4046m2, 4 TITLES, OCEAN FRONT IN COMMERCIAL / HIGH DENSITY PRECINCT
This site is situated in and forms part of the core commercial/higher density residential precinct of the coastal township of Bargara. Bargara is the largest coastal town in the Bundaberg Regional Council local government area and is situated some 14kms east of the regional city of Bundaberg. Bargara is renowned for its safe swimming beaches, inshore coral reef diving, turtle rookery and relaxing living environment.
Bargara is currently experiencing growing residential unit activity with applications for multiple unit developments in place all within 100 metres of the Bargara Golf Club clubhouse and the subject site.
The unique 4046m2 3 street frontage site is located opposite Bargara Beach and commands panoramic and unobstructed ocean views to the north and east, the site provides views that cannot be built out and is within a very short walk to existing restaurants and the Bargara Golf Club. The site currently has the benefit of a town planning approval for a mixed use residential/retail development.
The site is included in the High Density Residential Zone of the Draft Planning Scheme and the following uses are all code accessible and with a professionally made application for any of these uses would have a good prospect of success;
1. Multiple dwelling development (eg. units, flats, apartments)
2. Resort complex
3. Retirement living facility
4. Offices if part of a mixed use building
5. Shops if part of a mixed use building
6. Food and drink outlet (eg. restaurant, caf) if forming part of a mixed use building
There are of-course many more potential development criteria to consider. We are available to organise consultations with relevant parties on this preliminary advice with you and discuss how a more comprehensive assessment could better define the development potential of the site.
For Further information please email or call either Scott Mackey or Aaron Thompson.
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
35-37 Esplanade BARGARA