This block is 3738sq m.
Situated in Old Port Road, adjacent to the Golf Course - making it a fantastic residential development site.
Being over 3,738 m2, one can easily see that you could build the equivalent of 4 or 5 houses on the lot , giving each house/unit as much land/yard space as one sees in the residential areas where houses are located on 600m2 to 800 m2 lots.
This equates to land value of $100,000 [5 residences] to $125,000 [4 residences] whereas one cannot buy a lot in Port Douglas under $250,000 for one residence.
Obviously, one would need to do a strata plan, with each residence caring for their own areas. The only Body Corp Fees would be for compulsory insurance, which each owner would pay an equal share.
Vacant land is becoming very scarce in Port Douglas and this represents a great profit making venture for anyone willing to develop this residential parcel of land.
Full details can be obtained by contacting Phil Holloway on 0419 419 419
Find our property at 404 Davidson Street - Old Port Road, Port Douglas