PROPERTY SUMMARY

Beds: 3 Baths: 2 Car Park: 2

PROPERTY DESCRIPTION

Unique Buying Opportunity
Bedrooms 3 Bathrooms 2 Carparks 2

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

Comprising 3 free standing period style townhouses, 14 Banksia Street Shelly Beach is a single title property that is currently in the process of being strata-titled. This offers a rare opportunity for astute investors or owner occupiers to secure a unique quality property in one of Queensland’s most tightly held locations.

The first townhouse to become available is the magnificent 3 bedroom, 3 level property to be titled 3/14 Banksia St – SHELLY BEACH.

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 height cannot be built in Shelly Beach today, and possibly never again.

This beautiful period styled home consists of 3 bedrooms, 2 bathrooms, twin wrap around north/east facing balconies, ocean views from every bedroom, 2 car storage, huge floor level garage/workshop and storage space, and enclosed private tropical courtyards.

Owned by the same family since construction, the property features quality timber floors, generously proportioned rooms, high ceilings, a huge 227m floor space (including balconies) 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.

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.

The subdivision of 14 Banksia St into 3 separate titles under a proposed Community Titles Scheme is scheduled for completion in the first quarter of 2023.

Prospective buyers are encouraged to express an interest NOW in purchasing the proposed 3/14 Banksia Street property, conditional upon the strata-titling being finalised and the establishment of a Community Management Scheme by a date agreed upon by all parties.

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

CURRENT 14 BANKSIA ST SHELLY BEACH TITLE:

Lot 25 Registered Plan 53066 Title Reference: 12182001

CURRENT 14 BANKSIA ST LAND AREA:
Total Site: 811m2
PROPOSED 3/14 BANKSIA ST SHELLY BEACH DETAILS:
LAND AREA – 149m2
FLOOR SPACE – 227m2 (including balconies 38m2)

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 property is individually water metered.

CURRENT RATES FOR 14 BANKSIA ST SHELLY BEACH:

Sunshine Coast Council – $2429.78 per half year

Unity Water – Approximately $1038 per quarter

AVAILABILITY:
Townhouse 3 is currently untenanted, in readiness for inspection and sale.

INSPECTIONS:
Inspections by appointment only