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Great Block – Development potential

With the beach at the end of the street this home might need work but the location is fantastic. There is the potential here to renovate but also the strong option to clear the existing home and build your dream home close to the water with the potential to capture water views.
The level rectangular totals 551sqm. There is a 12 meter frontage and 45m from the front fence to the back fence.
The property is located East of Oxley Avenue in a Mixed Residential Zone allowing a building height of 12m (3 Storeys). There is also the potential to build units or a duplex on the site.
The existing property features 2 bedrooms upstairs and the original bathroom. There is an eat in kitchen and lounge that leads to the front deck. Downstairs is below legal height. There are 2 utility rooms, a laundry, rumps and the original bathroom. The home needs lots of work but a keen tradie/renovation could tackle it.
At the back of the block is a solid colourbond shed – great for storage and easy side access.
Located in the heart of Margate and within walking distance to everything include shops, schools, medical facilities and just 650m to the water this home is ideally positioned to take advantage of living on the Redcliffe Peninsula.
Vendors keen to do business will look at all serious offers.

Features

Fenced Balcony Verandah
2 2 2 551 m2
Address 15 Albert Street, Margate
Price SOLD for $457,500
Property Type Residential
Property ID 324
Category House
Land Area 551 m2

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Rachele Jones

0432 834 733
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