RMW Property Agents

82 Farnborough Road, Meikleville Hill

Price: $516,500

FARNBOROUGH ROAD- BEACH+VIEWS+LOCATION
The Development Approval has an extended commencement date to 1st December 2021.
The plans for the 1190 m² site include
Staged Development (if required) of 4 units fronting Farnborough Road and 7 units in the rear section of the allotment.
Stage 1 – 4 x Two bed, two-way bathroom units in the street front portion and
Stage 2 (can just be about site preparation/Landscaping)
Stage 3 – 6 x Two bed, two-bathroom units plus 1 x Penthouse, three bed, three baths + rooftop deck in the block of units in the high view rear section.
• Ocean and Island views
• Walk to Yeppoon CBD and café society
• Walk across the road onto the beautiful Farnborough Beach.
All the hard work is completed. The units are wonderfully located for beachside living or rental depending on your requirements. The 4 street front units are also designed with lift access, garage & private storage space, 18.42m² of balcony and 81.92 m² of internal living.
The 6 x 2 Bed, 2 Bath units have lift access, undercover garage and private storage, balcony area of 16.51 m² and internal unit size of 99.96m² and of course the Penthouse is just wonderful.
DEVELOPMENT APPROVAL OF THIS NATURE APPEARS NO LONGER POSSIBLE UNDER THE NEW LIVINGSTONE TOWN PLAN
The town Plan (2018) requires that for future Development Applications for Farnborough Road precinct, building heights are such that ….. ‘the apex of the building must not exceed the highest Australian Height Datum contour level within the site’ (Table/figure 6.7.3.4.1.1)
Effectively, apart from existing approvals, all future development applications will be constrained to build at the front of the allotments with less views, less height capacity and less density as the maximum height of the apex of the roof cannot be higher that the height at the back of the allotment. Any development application now may struggle to exceed 4 units because of the height constraint.
THIS IS A RARE APPROVED SITE READY TO GO NOW! $516,500

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