60 Franklin Parade, Encounter Bay
ABSOLUTE SEA FRONT VIEWS Land - Development Site - Property ID: 697357
PRIME SITE FOR MULTI PURPOSE DEVELOPMENT!
Undoubtedly, a great selling point with "future'' potential if you wish to develop & take advantage of the 2 frontages on this prime site.
The properties of concern are
comprised over two separate titles.
The site area facing Franklin Parade is
approximately 1000M & frontage 20.52 metres approx.
The site area facing Giles Street is approximately 1190M2 & frontage is
Local Centre Zoning & medium density residential development on 2190m2
Tenant of Yilki Stores Cafe would like to
extend the lease
The Yilki Policy Area (Policy area 20) is located on Franklin Parade & has outstanding views of Encounter Bay, Granite Island & the Bluff. The role of Yilki is to continue to serve as a traditional local centre. This will be achieved through further development of land & buildings incorporating an appropriate mix of local shopping, cafes and restaurants, small scale office & consulting rooms & medium density residential development above the active ground floor uses for the building with a frontage to Franklin Parade.
Development fronting Giles Street will be residential in nature in order to minimize potential impacts on the adjoining Residential Zone.
Development with a frontage to Franklin Parade should consist of ground floor non residential uses & should have a maximum height of three storeys' (12metres approx) from natural ground level. (stcc)
Developments on allotments with a frontage to Giles Street should have a maximum height of two storeys' (9metres approx) from natural ground level within 30metres from the Giles Street boundary. (stcc)
Predominantly suited to investors, owner occupiers & developers seeking for future re-development of this prime site. Expression of Interest closes by 21/2/14 at 4pm (unless sold prior)