Repair the original beach house and move in or rent out, or demolish to create a clean slate for your dream home or development. Old houses in the Golden Triangle are extremely rare, especially with the option to build a self assessable duplex development or code assessable triplex and being entry level for this prime pocket. With limited sites left in Alex, you cannot afford to wait for another to come up as vacant land is scarce and old houses like this are almost non existent now. This very reason makes this a fantastic blue chip investment opportunity for someone to land bank. 607sqm in land size, you can keep the existing 2 bedroom cottage and give it some TLC to get it back to its former glory, while you plan your potential for the site. The area has an 8.5m height limit with possible views to be gained from a second story balcony (based on the 7.5m drone photo). This is your chance to build your new dream home, or a possible boutique development such as a duplex or a unit development of 3 units, the choice is yours! Premiere locations like this offer no second chances, a lack of supply and strong demand will always underpin the land value in this property. *Building inspection report available on request.
