PROPERTY SUMMARY

Beds: 7 Baths: 6 Car Park: 6

PROPERTY DESCRIPTION

Local Agent real estate is proud to bring to market for the first time, three magnificent multi-level townhouses in exclusive Shelly Beach.

Comprising three free-standing dwellings, 14 Banksia Street offers a unique opportunity for the astute investor or owner occupier to secure a substantial portfolio in one of Queensland’s most tightly held locations.

While any property that comes to market in this highly sought after location always attracts plenty of attention, the seller’s decision to offer all three properties simultaneously is unprecedented.

Constructed in 1996 by renowned local builder, Michael Watson, the owners cleverly took advantage of an 18 month ‘window’ that temporarily allowed the development of residential housing in Shelly Beach to a height of 11.3m under a ‘Cluster Housing Policy’ – preceding the 8.5m height restriction that has existed since.

In essence, homes of this size cannot be built in Shelly Beach today, and possibly never again.

The property consists of two 2 bedroom period styled homes, with an additional 3 bedroom home at the rear. Each property boasts twin wrap around north/east facing balconies, ocean views from every bedroom, and private tropical courtyards.

Owned by the same family since construction, 14 Banksia St features quality timber floors, generously proportioned rooms, period features, double remote controlled garages, and more ………. all located in a quiet cul-de-sac within a lazy 90 second walk to secluded Shelly Beach.

‘laying in bed on a lazy Sunday morning watching the whales breaching off Shelly Beach, or throwing a towel over your shoulder and wandering down for a refreshing swim on a deserted beach, are what make living here very special …..’ – owner.

Lovingly maintained, and used as both the owner’s primary place of residence as well as an income-generating investment property since construction, the owners have enjoyed strong rental demand, consistent passive income, and exponential appreciation for decades.

14 Banksia St is on a single title, with the owners currently engaged in the process of subdividing the property into 3 separate titles. The subdivision is scheduled for completion by December 2022.

This property provides a unique opportunity for private investors, consortiums, owner occupiers, family groups and others to secure the opportunity of a lifetime.

Prospective buyers are encouraged to express an interest in purchasing the entire property before or after subdivision, or for purchasing one or more single properties once the subdivision is complete.

LOCALITY:

– 90 second walk to Shelly Beach
– 2.5 minute walk to Shelly Beach park and rock pools
– 2 minute drive to Kings Beach
– 3 minute drive to Caloundra CBD
– 26 minute drive to Maroochydore plaza
– 27 minute drive to Sunshine Coast airport
– 80 minute drive to Brisbane CBD

TITLE:
Lot 25 Registered Plan 53066 Title Reference: 12182001

LAND AREA:
Total Site: 811m2
1/14 BANKSIA ST – 82.3m2 (10.2%)
2/14 BANKSIA ST – 82.3m2 (10.2%)
3/14 BANKSIA ST – 86.3m2 (10.6%)
Total Site Cover: 251m2 (31%)

ZONING:
Low Density Residential
8.5m Height of Buildings and Structures Overlay
LDR1 – Protected Housing Area Precinct
The property is not located within a Council designated flood area
There are no easements located on the Lot

SERVICES:
The property is connected to all necessary urban services including water, electricity, sewer and telecommunications. Each townhouse is individually water metered.

RATES:
Sunshine Coast Council – $2429.78 per half year
Unity Water – Approximately $1038 per quarter

RENTAL LEASES:
Townhouse 1 is currently leased until 13 July 2023 at $640/week
Townhouse 2 is currently leased until 13 January 2023 at $580/week
Townhouse 3 is currently untenanted

INSPECTIONS:
Inspections by appointment only