$1,350,000 + GST If Applicable

The Phone Code for this property is: 83733. Please quote this number when phoning or texting.

8 THE ESPLANADE, PICNIC BAY
This is a rare opportunity to purchase a freehold commercial property with captivating ocean views.
Two solid concrete block buildings sit on 991m2 of prime beach front land overlooking the picturesque foreshore in the sought after village of Picnic Bay.
The building fronting the Esplanade consists of two shops with views to the coral sea.
The second building, also with ocean views is currently undergoing a conversion into a three bedroom residence which includes a separate self contained retreat.
The property has a three storey height limit and is zoned Mixed Use under the local planning scheme.
This allows for a range of uses including Multiple Dwellings, Short Term Accommodation, Rooming Accommodation, Function Facility, Place of Worship, Restaurants, Bars, Showrooms and Retail Outlets.
A purchaser could live on site and operate a business or lease out the two shops for a passive income. There are currently no commercial or residential properties for lease on the island.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.