4-6 Mcculloch Ave, Margate QLD 4019

The Phone Code for this property is: 57328. Please quote this number when phoning or texting.

DEVELOPMENT OPPORTUNITY

4-6 McCulloch Avenue, Margate

CONTRACT HAS FALLEN OVER
DA APPROVAL GIVEN

A huge 1217m2 block of land is available for purchase with over 40m of frontage on McCulloch Avenue.

Expressions of interest are now being taken for this PRIME development opportunity in a prestigious location less than 90m from the waterfront. Architectural plans created by the award winning Brick Architects, have been submitted to council and DA approval for a 20 apartment block has been given, with the paperwork expected this wee. The planned development will have premium 2 and 3 bedroom apartments with fabulous ocean views.

There are currently 2 properties on the titles, both occupied by longstanding tenants on short-term leases. Current annual rental income is $73000 should you need/want a holding income.
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Margate is a vibrant town in Brisbane's bayside with trendy cafes and eateries, white sandy beaches, a 2km waterfront boardwalk and boutique retail outlets. There are rail and bus links to the CBD, Brisbane Airport and Sunshine Coast with further upgrades still in progress.

Private sale by owner. Further details are available on request.

Disclaimer:

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