BLUE CHIP COMMERCIAL DEVELOPMENT SITE
22 Coronation Avenue is fondly recognised by locals and tourists alike as the main street banana stall. Whilst the lady fingers are still turning over, there is now more fruitful investment on hand. The iconic property is on the market for the first time over 55 years which highlights just how rare opportunities of this nature present themselves in the coastal village.
The site itself is outstanding. It is zoned B2 (commercial) and enjoys a massive 1303sqm land area. It is one of the biggest and best blocks on the commercial strip. For the doctor, dentist, lawyer or accountant the current dwelling could provide a convenient, high exposure consultation premises with a makeover. As is the case with most beach houses of the era there is a myriad of multipurpose rooms pending your needs. As it stands I would classify it as a 3 bedroom home with kitchen, dining and separate lounge. The majority of the home is very original including kitchen and bathroom. There is side access to a large colorbond shed and the back yard is colossal – parking galore.
For the property developer the following are permitted with consent; Shop top housing; Boarding houses; Centre-based child care facilities; Commercial premises; Community facilities; Educational establishments; Entertainment facilities; Function centres; Home industries; Information and education facilities; Medical centres; Passenger transport facilities; Recreation facilities (indoor); Registered clubs; Respite day care centres, Service stations; Shop top housing; Tourist and visitor accommodation.
For the prudent long term investors the property would be ideal for holiday rental as it is only 200 metres to main street shops, restaurants and supermarket and the beach and Creek are an additional 500-600 metres to the access points – tourists will love the convenient location and the yard space for the children. As a permanent rental it would be snapped up in a heartbeat. Deceased estate, owners say sell! For further information please contact Jamie Wilmen @ Raine & Horne Pottsville/Cabarita Beach.
DISCLAIMER: We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document.
|R&H Suburb Summary||Houses|
|Number of sales||116|
|Median Rental Price||$580 p.w.|
|Change in Rental Rate (5yr)||29 %|
|R&H Suburb Summary||Units|
|Number of sales||52|
|Median Rental Price||$450 p.w.|
|Change in Rental Rate (5yr)||32 %|