63 Frederick Street, Vincentia
P: 02 44430242
M: 0455 544 228
Rare and unique house on 1.66 acres + 2nd building entitlement - only 600m to beautiful Greenfields Beach!
4 2 2
For Sale - $1.35m
63 Frederick is a rare and unique find - being the last large residential land holding near the beach in Vincentia. It has a total area of 6,734m2 (1.66 acres), and is located only 600m by road to beautiful Greenfields Beach. Or even closer if you walk through the adjoining bush reserve!
63 Frederick is made up of 5 separate blocks, all of which have town sewer. One block has the existing 4 brm house on it (facing Frederick Street), and one of the top four lots has a 2nd valuable building entitlement.
If you were to build a second house on the top lots, you would have magnificent views across Jervis Bay, in a position of total seclusion, surrounded by Council reserve and / or national park land.
63 Frederick has the various development possibilities:
1. Hold the property as one lot, live in the bottom, existing house, and explore the future sale of the 4 top lots should Lively Road be constructed one day
2. Build a magnificent home on the top 4 lots, sub-divide, and sell the existing house to defray your investment cost
3. Build a magnificent home on the top lots and keep the existing house as an investment property
The 5 lots are as follows, all of which are in DP216860:
Lot 1018 - 834m2 (existing house / building entitlement)
Lot 1021 - 1,075m2
Lot 1022 1,182m2
Lot 1023 1,500m2 (2nd building entitlement)
Lot 1024 2,143m2
All lots have separate titles, have been surveyed, and can therefore be sold separately.
Lot 1018 is zoned R2 Low Density Residential. Lots 1021-24 are zoned E2 Environmental Conservation. Permissable uses in the E2 zone (subject to Council approval) include dwelling houses, bed & breakfast accommodation, and ecotourist facilities.
The existing house is an immaculate 4brm, 2 bathroom house in a very quiet and peaceful pocket of Vincentia. It has town water plus additional gravity fed rainwater tanks (19,000 litres in total), air conditioning, solar hot water, a solar panel system that feeds into the grid, pizza oven, workshop area, and easy to maintain gardens.
Annual rates are $1,506.79 based on a VGA of $274,000. A new VGA has recently been determined at $347,000.
Inspection is by appointment only.
Please contact Craig McIntosh on 0455 544 228
|Land Size:||6734m² approx.|
Open by Appointment