HERE is a great opportunity for an astute investor.
This 1460sq m block in Dunsborough is a developer’s dream with a total street frontage of 40m.
The site is just 100m from the retail precinct and a further 300m from the white sandy beaches that make Dunsborough such a popular holiday destination.
Made up of two individual lots, 43 Chieftain Crescent (738sq m) and 45 Chieftain Crescent (722sq m), the land has been zoned R80 plus A74 Additional Use.
The existing residence on 43 Chieftain is a hardiplank and weatherboard-clad cottage with colorbond roof.
It includes an open-plan living, dining and kitchen area, three good-sized bedrooms and two bathrooms, one with a Roman bathtub, shower recess and vanity unit.
Features include verandas on three sides, a colorbond shed, Maxiheat solid fuel wood-fired heater and raked ceilings.
The other block (45 Chieftain) is vacant and has a 20m frontage.
There is potential to knock down the existing cottage and build your dream home in the beautiful South-West.
Alternatively, you could keep 43 Chieftain and use it as a beach rental and build your home at 45 Chieftain.
However, residential homes are not the only option; the Additional Use zoning means you could operate a restaurant, shop, medical centre, professional consulting rooms, guesthouse, office or tourist accommodation.
The block is flat and almost square shaped, making it a developer’s dream, and is ideally located, with inner-CBD appeal, yet in a quieter side-street position.
With recent upgrades, the beachfront at Dunsborough has become home to a number of community events and festivals such as Sculptures by the Bay, Australia Day celebrations and concerts, and there are even plans to add a beachfront cafe in the future, all of which make this residential or development opportunity even more appealing.