Situated within the Canal Rocks Beachfront Apartments site that fronts stunning Smiths Beach in the fabulous Margaret River wine region, this brilliant holiday unit site is in a dream seaside location. Perfect for amazing family holidays where apartments will have potential to receive excellent short stay holiday rental income when owners are not using.
The buyer of Lot 21 may at its discretion and cost, arrange for the construction of a further 18 apartments and on completion of the building, re-subdivide Lot 21 to create Lots 22-39 and common property.
The infrastructure servicing the existing apartments and common property is located on the lot including a bio-max waste treatment system, water supply storage tanks, fire management infrastructure, equipment sheds, workshop and storeroom.
Located less than 40 minutes from the soon to be upgraded Busselton-Margaret River Regional Airport and just 10-35 minutes drive from the fabulous wineries, breweries, restaurants, beaches and golf courses of Yallingup, Dunsborough, Eagle Bay and Busselton, this is an outstanding development/investment opportunity.
Land Area: 2,455 sqm