With a Government value of $500,000 for the land alone WITHOUT the additional dwelling this opportunity does represent value buying at an exclusive address!

Behind the unassuming faade of this masonry brick veneer beach house lies a superb and increasingly rare opportunity to create something very special indeed.

The beach house is ideally located at the front of the 1.070sqm allotment allowing wonderful space on the rear grounds to build a two storey magnificent home commanding breathtaking ocean views. The current owners have kindly spared the lucky new purchasers the time and expense and have obtained sub-division approval which is valid for two years.

The options are virtually limitless as to what can be achieved with this opportunity, including:

Demolition of existing beach-house and erecting two stunning homes (STCA)

Maintaining the current tenants (returning $420 per week until June 2012 and happy to extend) whilst taking the time to undertake the design and approval process for your new home at the rear.

Living in the beach-house (post June 2012 or earlier as the tenants have indicated that although they adore the property and would love to stay are prepared to be flexible if the new owner would like to move in at an earlier date), demolishing the existing garage to allow access and being on-site whilst building the new property.

Sale of the existing beach-house after demolishing the garage and subsequent sale of the land.

Demolition of the beach-house and building a large, magnificent ocean front home.

This property will appeal to many. The exclusivity of the address, the options, the rare chance to secure a pre-approved site the adage that theyre not making any more waterfront properties is certainly relevant here.

Upon inspection, you will be delighted to find the beach-house is extremely well presented and more than adequate to live in; impeccably presented, quality kitchen, neutral tones throughout and very spacious. It would certainly be more than comfortable to live in whilst building.

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