Pilgrim Road

$396,000 Sale

Property Information

• 🛏 1 Bedrooms
• 🛁 1 Bathrooms
• 📐 35,998

A large residential lot located directly on a main road with excellent frontage of 37.67m/123.6ft wide situated close to the ABC Highway and between Oistins and the airport. This highly versatile property is zoned for residential purposes however has great potential for semi-commercial/commercial use due to its size and location at the discretion of Town and Country approval. The site slopes gently downwards from North to West and appears to provide good bearing strata for foundations at economical depths as seen by the foundation presently on site. Public utilities are readily available as are public transport facilities near-by. The property has easy access from both the Northern and Western boundaries providing even more flexibility in potential. Also included with the purchase are pre-approved plans for a two storey block of apartments with an additional out building to house an office, reception area, laundry, changing rooms, sick bay, lunch room with kitchenette and storage areas. The plans will have to be resubmitted to Town and Country Planning as the allowed time period will expire by end 2011. A great investment opportunity that will offer rental income when completed.

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