Medium density developmentThis property comprises an older 2/3bedroom home on a centrally loacted redevelopment site in the Tweed Heads CBD. The site is regularly shaped and 1012 square metres with a 20 metre frontage.
The property is zoned medium density and has redevelopment options as a 6 level apartment building. The height limit is 28 metres and the developable floor space ratio is 2.5:1
Calculations indicate 25 to 26 units could be developed with one level of car parking underneath. The property enjoys a stong commercial/residential holding income of circa $45,000 gross making this an attractive proposition whilst you seek approval to build