47 Palm Beach Avenue,

Palm Beach

Developers, commercial business owners and investors will instantly appreciate the diverse potential of this prime Palm Beach offering. The prominent 607m2 block combines two self contained apartments over two levels plus a 9.3m x 13.7m x 3.9m High, 3 phase powered shed. There's office spaces downstairs, off-street parking and excellent scope for multiple income streams.

Medium density zoning allows for re-development of the site (STCA), with concept plans in place for brand new duplexes. Offering high street exposure and immense versatility, it's just 350m to the beach and a selection of Palm Beach's best restaurants.

Property Features:

• Versatile 607m2 commercial and residential block just 350m to Palm Beach
• Two separate self-contained apartments both offer rental income potential
• Commercial 19.3m x 13.7m x 3.9m High 3 phase powered shed at the rear of the block
• With 4m high clearance roller doors, it's an ideal commercial space opportunity.
• Downstairs two bedroom apartment features an office and employee powder room
• Ideal set-up for owners to live onsite and manage the business with ease
• Upstairs three bedroom apartment features a modern kitchen, open-plan living
• Multiple off-street parking spaces plus secure roller door to shed area
• Zoning allows for re-development of the block, construct new duplexes STCA
• Floorplans available for duplex designs, capitalise on the prime location
• 350m to The Collective, short stroll to cafes, restaurants and the beach
• Council Rates: $16,740.96 per annum
• Water Rates: $1,561.04 per annum