3 Allchurch Street, The Gap NT 870

For sale by way of Public Auction is the Crown Lease on this magnificent parcel of land.
A significant parcel of prime residential land measuring some 15,800sqm, at the top of a quiet cul-de-sac within walking distance of the CBD
it offers a developable area of approxiamtely 13,000sqm (1.3 hectares).
These opportunities are rare and should not be missed!
This site offers the highest density residential zoning possible, you could look to renovate and strata the existing units,
build more units and add them to the mix or bulldoze the lot, start again and take the site to its full potential.
The Crown Lease is a 3 year lease converting to Freehold title once the redevelopment is complete.
The building envelope is impressive, the location is impressive and the potential is enormous.
This site has significant capacity and will be a show piece for the successful new owner!