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Marina Residential Development Site

This large 1285m2 block is located in the 'medium density residential precinct' within a Priority Infrastructure Area allowing for a large home-site, dual occupancy or multi-units, subject to council approval. Previously approved for a three storey ten unit complex, developers should see the value here with the Magnetic Island market showing significant signs of recovery.  

There is also the option to sub-divide now or later into two or three lots. 

With three street frontage, the options open up, and the location is superb, close to the ferry terminal, school, shops, medical centres, restaurants & cafes and just steps from the beach

Being within the marina precinct, owners have the option of purchasing marina berth leases on the nearby D-arm section of the Magnetic Marina.

Town water, underground power and sewerage are all available in the street.

This land is priced to sell in today's market - call today for more information.

Address 18-19 Terrace Place, Nelly Bay
Price $299,000
Property Type Residential
Property ID 1131
Category Vacant Land
Land Area 1,285 m2

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Alex Strens

0429 079 429
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