Property ID: 1P0283

9 Lotus Street Hyams Beach NSW

$ 2,350,000
  • 4
  • 3
  • 4
  • House
  • Sold
  • 255 sqm
  • 1138 sqm
  • 2
  • 2
  • $3,068.00 Per Year
  • $800.00 Per Year
Best views in Hyams Beach with sub-division or duplex potential!!!
9 Lotus Street, a large 1,138m2 block with spectacular Jervis Bay views, is being offered for the first time in over 50 years! It has an elevated position on the high side of Tulip Street, dual road access, and a perfect north easterly aspect.

This is a rare development site with undoubtedly the best views in Hyams Beach. It also has potential to be sub-divided for the construction of two dwellings, or to build a substantial duplex with a common wall and separate titles (not strata).

Regarding possible redevelopment of the site:

- an expert report from Salt Design is available, setting out what development is possible and what constraints need to be complied with
- a bushfire report is also available but has been factored into the advice provided by Salt Design. A rear boundary set back of 14 metres is required for bushfire considerations, but due to the diamond shape of the land, this has very little design impact
- a maximum height of 8.5 metres (following the slope of the land) is prescribed, giving massive scope to capture what are no doubt the best views in Hyams Beach!
- a floor space ratio of 50% is mandated, allowing up to 557m2 of internal surface area across one or two dwellings (excluding deck and garage areas). This provides plenty of scope to build one or two large and luxurious residences!
- the lot fronts both Tulip Street and Lotus Street, so parking and access options are ideal for two dwellings or a duplex. Some excavation for underground parking may also be possible or feasible due to the natural slope of the site (STCA)

The existing house dates to the 1970's and is very much in original condition, including the bathrooms and kitchen. All hot water systems are functional or have been updgraded. The same for all plumbing, bathrooms and toilets. The house is divided into two units downstairs and an upstairs level, all with plenty of parking and outdoor / deck space. The internal area of the current dwelling is circa 255m2.

The property can therefore be holiday rented during any holding period, subject to setting an appropriate rate to reflect the older style. The views and location are superb! A holiday rental appraisal can be provided upon request.

Annual rates are $3,068 and water availability charges are $800 per annum. The VGA value of the land is $1,880,000.

Inspection is by appointment only. Please contact Craig McIntosh of the Holidays Collection on 0455 544 228.
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