8 Jennifer Avenue, Runaway Bay QLD 4216

This is the one you've been waiting for! Don't miss this fantastic opportunity to acquire a prime waterfront site in Runaway Bay.

The block of land is:
- 736 square meters
- approx 18.3m of street and water frontage, by 40.2m deep
- Zoned RD5, allows for one bedroom per 50m2, and up to 3 storeys high
- Potential for a boutique apartment complex with up to 14 bedrooms, or a few luxury waterfront townhouses (subject to council consent)

The site currently has two older style two bedroom duplexes on the single title block, with single garages, and are partially renovated. Both are currently rented to great, long term tenants on periodic leases.

Buy now, collect the rent, and develop tomorrow. Or put this one in the land bank for future amalgamation with neighbouring blocks. Or build your dream home just meters from the broadwater with bridge free access for a yacht. You Decide!!

Call Joe Farr for more details and to book a private viewing. 24h+ notice required for internal viewing of duplexes.

Property Code: 1516