A rare opportunity for investors and developers alike, this substantial property occupies an amazing central position in the heart of Eden!

It consists of 10 apartments plus commercial office space in a Premium MU1 (Mixed Use) zone with wide frontage to Imlay Street and dual carriage lane access off Flora Street.

Magnificent panoramic views over Twofold Bay and the ocean horizon is enjoyed across multiple points on the site and by multiple units.

Property consists of three separate buildings. Level with Imlay Street, Building 1 features a 63m2 (approx) commercial street front office space, plus an additional 1 bedroom unit and a 2 bedroom unit.

Building 2 consists of 2 x one bedroom units and 2 x two bedroom units. Building 3 contains 4 x two bedroom units.

All residential units are tenanted. There is no strata title on these units.

The scale of the property and the MU1 zoning presents creative developers with multiple options with the existing buildings and additional open spaces that this property offers. Potential exists to add additional dwellings or to redevelop across the whole site (Subject to Council approvals).

Property for sale officially contains two addresses, 176 Imlay and 17 Flora St.

With excellent established rent revenues, central convenience, great views and scope for future development this is an opportunity not to be missed.

For a detailed summary of this property including existing tenancy revenues please contact agent Adam Donaldson.

Property Code: 542