$146,000

This property located at 156 Shute Harbour Road presents an exceptional prospect to acquire 4 neighbouring lots that are zoned Low Medium Residential in the central area of Cannonvale. The lots are being sold together as a single parcel to offer potential investors or developers the opportunity to maximize the land's potential. The individual lot sizes are as follows: Lot 13 is 607 m2, Lot 14 is 665 m2, Lot 15 is 665 m2, and Lot 16 is 665 m2, with a combined land area of 2602 m2.

The current owners had previously engaged architects to design schemes for developing either 12 or 15 residential units on the site. Easy access to the property is available from Womerah Avenue.

We believe that there is a prime opportunity for a developer to cater to the needs and budgets of first home buyers, who are being left behind due to increasing house and land package prices. There is a lack of suitable products available for first home buyers to utilise government stimulus grants that are currently being offered. The land is being sold as a single parcel, with a sales price of $615,000 plus GST, presenting an excellent opportunity for interested parties.

For further details, an Information Memorandum is available upon request. Please feel free to contact Brett Dwyer at 0447 583 759 or [email protected].