Waterfront Commercial Strata Title - Starfish Cove Ready to Develop, Second Lagoon

Description

The property comprises Lots 10 and 11, a commercial strata title with 55 years remaining on the lease. Together, the two lots provide a total land area of 897 m², consisting of Lot 10 (382 m²) and Lot 11 (515 m²). The property boasts an impressive 43.6 metres of direct waterfront frontage, making it an exceptional opportunity for a wide range of commercial developments and investment opportunities. The registered annual land rent is VT 100,198 per title. The site is fully serviced and development-ready, featuring a poured in-situ concrete seawall, along with mains electricity and water connections already in place. Much of the essential infrastructure has already been completed, allowing the new owner to focus on bringing their vision to life. Under the current Body Corporate rules, the approved uses include hotels, restaurants and recreational facilities. One of the major advantages of this commercial strata title is its flexibility. Should a purchaser wish to change the permitted use, amendments to the Body Corporate rules can generally be approved through a single Body Corporate meeting, subject to the required approvals of the owners. This is significantly simpler and faster than rezoning a conventional land title, which typically requires a formal government planning and rezoning process. This flexibility provides investors and developers with the opportunity to adapt the property to future commercial opportunities more efficiently. For further information or to arrange a private inspection, please contact us.