Ideal Investment and Development Opportunity, 50 Elsie St, Waterman’s Bay is 1050 sqm (approx.) of sought after sub-dividable (STCA) coastal land just 550m from the water’s edge and a short stroll to delightful walking trails at the Star Swamp Reserve with the added bonus of a neat and tidy, comfortable 3-bedroom, 1 bathroom home and a cleared ready to build parcel of land.

This large 1050sqm (approx.) corner block has potential to Subdivide (STCA) ZONED R20 . The possibilities here are endless. The existing house could be easily retained and upgraded & conveniently lived in whilst building your dream home or potentially redevelop this large 1050 sqm corner block and reap the rewards, the choice is yours with this wonderful beach/bush property.

RENTAL POTENTIAL – $$550 approx. per week in the current market.

50 Elsie St is in very close proximity to cafes and restaurants along both West Coast Drive, there’s also easy access to Marmion Primary School, Marmion Village Shopping Centre, the Marmion Angling and Aquatic Club, lush local parks and community sporting facilities, public transport, major shopping centres and even the magnificent Hillary’s Boat Harbour.

This is an ideal opportunity and sought after prime parcel of Waterman’s Bay real estate. The possibilities truly are endless.

Main features:

– 1050sqm block with sub division potential (STCA) R20 ZONING
– Existing retainable 3-bedroom, 1 bathroom home with double garage & workshop
– Large private backyard area with a patio
– close to beach and bush
– Space to build your dream home
– Close to cafes and restaurants
– Easy access to public transport
– Minutes away from schools and shopping
– Short drive to Hillary’s Boat Harbour

Call Daryl Cook at any time to arrange an ‘inspection by appointment’ or view at the Saturday Home Open.

PLEASE NOTE:
Every precaution has been taken to establish the accuracy of the advertised information but does not constitute any representation by the vendor or agent. Interested parties are encouraged to carry out their own due diligence in respect of this property prior to putting in an offer.