Prime development land of over 1170 m2 and located just metres from Merimbula’s CBD. Offering the astute investor an opportunity to purchase a unique development site. An existing dwelling provides a stable holding income of $490 a week combined. The property features a 2 bedroom, 1 bathroom unit and a 3 bedroom, 1 bathroom unit. The zoning allows for multiple unit development and also offers a building height limit to facilitate 2 storey development. Build a luxury duplex which are very popular or build your dream home. Zoned R3 Medium density residential. 2 units and tenants in place Central location to CBD Lake views available if development includes an second storey addition.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.