•Land area: 733sqm (approximately)

•Dual zoning: Business Neighbourhood Centre and Residential Mixed Housing Suburban

•Potential holding income of $65,730pa + GST (if any)

•Corner position in tightly held locality

Perfectly positioned on a high profile corner site, moments from Narrow Neck beach 18 Old Lake Road presents to the market one of the most intriguing buying opportunities in recent memory. A myriad of redevelopment or investment options this Deceased Estate will not be sold prior to Auction on the 24th November 2021.

A rare combination of zoning allowing for redevelopment incorporating both commercial and residential components this corner position in one of the North Shores premium living destinations the property neighbors some of the city's finest homes with cliff front and beach appeal. A 733sqm flat and rectangular site current improvements exist of a long established corner dairy and flat with a three bedroom bungalow to the rear of the property which will generate a valuable holding income with no further rights of renewal for the existing tenant.

As a deceased estate, the out of town Executors demand a sale, make your move now on this well known location, a future development you can be proud to call your own.