DEVELOPER/INVESTOR OPPORTUNITY – EXPRESSION OF INTEREST CLOSES 18 December 2020
1 Saunders Bay Rd is a corner block to Saunders Bay Rd & Burraneer Bay Rd with a slope to Saunders Bay Rd and good access to all utilities, located in a central, popular location with existing surrounding medium density townhouse developments.

The block currently provides a large 5-bedroom/ 4-bathroom house with double garage & carport, as well as a functioning commercial pool/swim school, gym and squash court facilities; with properties offering a combined estimated net rental income of $178,000pa.

LAND: 24.24/23.42M X 49.54/55.85M approx..

GROSS AREA: 1234sqm, currently with 5-bedroom house & Squash Courts, Pool and Gym Centre (currently leased)

ZONE: R2 – Low Density Residential
Low Rise Medium Density Housing Code
Complying development may be carried out on the land under the Low Rise Medium Density Housing Code.

HEIGHT: 8.5m – 2+ Storey – not including basement parking

FSR: 0.55.1 – NET FLOOR AREA 680sqm approx.; Townhouse 110-120sqm footprint

OUTGOINGS: Rates: $1550/QTR; Water: $250/QTR; Refer lease for other shared maintenance costs

SALES PROCESS: For Sale by Expression of Interest (EOI), closes 18th December 2020

For more information and to receive a Detailed Information Memorandum (IM) with EOI finishing 18th December 2020; please email or contact:

Peter Green
Principal, Laing+Simmons Miranda
0401 145 477