18 Marine Terrace, Middleton Beach
RARE R60 ZONED COASTAL PROPERTY NOW AVAILALBLE House - Property ID: 768997
Original beachside properties like this little beauty are becoming increasingly rare to acquire in Albany as investors and developers snap them up with an eye on their capital growth potential.
Capitalise on the city's burgeoning tourism industry and subsequent growth in demand for superior quality holiday accommodation. Zoned R80 Tourist Residential you could have up to seven dwellings on the block.
Also zoned R60 for residential purposes, you could have up to 6 private residences built on this huge 948 sqm block, and with the potential to have them built to three storey's high, and only one street back from Middleton Beach, this may be the opportunity of a life time
It also presents potential owner-occupiers with a special opportunity to build their dream home in one of Albany's premier beachside suburbs, which boasts cafes, bars, parks and a world class boardwalk, cycleway and more. The property is only a few minutes' drive from magnificent Emu Point, The Albany Golf Club, lawn bowls, schools and the CBD.
The solid double brick and tile 3 bedroom, 1 bathroom home on the property has a reliable rental history due to its magical location, so buying as an initial investment with a view to developing at a later stage is certainly a viable option. The home has been extensively renovated, with brand new kitchen, bathroom and laundry and is much more than you expect from the road, so you could move in, continue to rent it out, or even keep it has a holiday getaway if you are a farmer or metropolitan city dweller looking for a coastal holiday escape.
It features high ceilings, solid jarrah floors throughout most rooms, ornate cornices in the living /dining area and a spacious kitchen with plenty of storage and work bench space and breakfast bar.
The adjoining laundry flows through to a shower recess, vanity and separate toilet.
Two of the three bedrooms have spacious built-in robes.
The property also has a garden shed, plus single carport under the main roof and side access to the rear yard for vehicles.