230 Bayview Street Runaway Bay QLD 4216
Offers Over $499,000

DESCRIPTION

YOU’VE HEARD IT BEFORE – LOCATION, LOCATION, LOCATION!

INCREDIBLE INVESTMENT - DA APPROVAL FOR 4 LUXURY TOWNHOUSES ACROSS TWO BLOCKS, 228 & 230 Bayview St. This is the perfect land bank or development opportunity with 2 side by side blocks on sale at the same time! Currently 230 Bayview St contains a tidy three bedroom home with modern bathroom & kitchen, as well as a single lock up garage & 516m2 block. Renovated, this property currently rents for $450/wk with a potential income of $480-$500/wk with present market conditions & a lease until November 2017. The home is ready to go with new carpet, paint as well as renovated bathroom & kitchen. The property also features down lighting, ceiling fans & a/c in the living areas & master bedroom.

This lovely family home offers the opportunity for first home buyers to enter the market or first time investors to buy up & land bank for future development. A huge, fully fenced yard results in a very kid & pet friendly space with a large tiled roof garden shed at the rear & outdoor patio area – plus there’s room for a pool!

Next door, vacant in possession the corner block on Boda Court & Bayview St stands a HUGE five bedroom, two bathroom dual living home with an enormous 8m x5m double shed on a 508m2 block. This property was previously tenanted for $595/wk & is also fully fenced, making it family & pet friendly.

The DA approval for this property is for both #228 & #230 Bayview St, and allows for 4 townhouses of 3 bedrooms, 2.5 bathrooms & double garages to be built across both blocks. The approval would see access from Boda Court. This is an incredible investment opportunity & the seller welcomes offers to purchase both properties. Also for sale to the rear adjacent to both these blocks is # 3 Boda Court with 664sqm of land. Combine all 3 titles and re-develop with an enormous 1,688sqm of a blank canvas (STCA)

Opportunities are endless.
*Dual block purchase option – open to offers
*DA Approval for 4 townhouses
*1.5klm to Runaway bay shopping centres, cafes, medical centres, retail stores
*1.5klm to Runaway bay super sports centre
*50m to Runaway bay marina (16 storey Multi-Million dollar re-development approval)
*3klm to Paradise point restaurants and parklands
*200m from pristine Broadwater & Howard St boat ramp
*The list goes on....
230 Bayview
*Three generous bedrooms with ceiling fans & built in robes
*Renovated Kitchen + Miele Induction cooktop
*New paint, carpet & flooring
*Ceiling fans & A/C throughout
*Huge backyard & 516m2 block
*Side access & room for pool
*Partially renovated bathroom
228 Bayview
*Dual living arrangements
*Five bedrooms
*Two Bathrooms
*Large 8m x 5m double shed
*Fully renovated kitchen & bathrooms
*New paint & carpet
*508m2 fully fenced, corner block