$3,900,000 - $4,100,000

Seize the chance to invest in a truly unique offering in the coveted lakeside location of Pelican. This expansive corner lot, perfectly situated on Karoburra Street and Lakeview Parade, boasts a substantial 4252m2 of prime real estate. With an impressive 73m frontage on Lakeview Parade and 66m on Karoburra Street, this site offers unparalleled potential for development.

Key Features:

Generous Dimensions: A sprawling 4252m2 lot, ideal for a variety of development opportunities.
Strategic Corner Access: Located at the intersection of Karoburra Street and Lakeview Parade, ensuring high visibility and easy accessibility.
No Flood Zoning: Peace of mind knowing your investment is safe from flood risks.
Current Usage: The site currently houses a repurposed bowling club, leased to a reliable long-term tenant, providing immediate income potential.
Zoning: Zoned RE2 Private Recreation, offering versatile development possibilities.
Flat Terrain: A level block, simplifying construction and development processes.
Proximity to Amenities: Nestled next to a childcare center and sporting fields, enhancing the appeal for future development.
Zoning Details:

The RE2 Private Recreation zone applies to privately owned land used for recreational activities. The intention of the zone is to provide for a range of recreational facilities compatible with enhancing and protecting the natural environment. The following uses can be carried out with consent in RE2:

Animal boarding or training establishments
Car parks
Community facilities
Entertainment facilities
Environmental facilities
Hotel or motel accommodation
Kiosks
Marinas
Passenger transport facilities
Recreation areas
Recreation facilities (indoor)
Recreation facilities (outdoor)
Registered clubs
Restaurants or cafes
Roads
Small bars
Water recreation structures
This is an exceptional opportunity to develop in a highly desirable lakeside community, surrounded by essential amenities and recreational facilities. Whether you envision a recreational hub, community center, or another innovative project, this lot offers the canvas for your development masterpiece.

Important Notice: We strongly suggest completing your own due diligence and not solely relying on the information provided. Contact us today to explore the possibilities and secure your stake in this prime lakeside location.

Current Lease:
$70,000 GST Exclusive per annum
40% share of the council & water rates
$600 per annum towards land tax
100% of the outgoings (including, fire service/inspection charges, water usage & sewage charges, electricity charges, public liability insurance, any other imposts and expenditures associated with ownership of the property & calculated on a usage basis)

Approximate Rate Amounts:
Council $3,000.00pa
Water $3,200.00pa