A rare and unique property offering at “The Golden Mile”

A rare and unique property offering at “The Golden Mile”

by | Jun 29, 2022 | Paid Content, Real Estate | 0 comments

100 East Point Road, Fannie Bay, NT 0820

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Two adjoining allotments at 100 East Point Rd and 5 Elizabeth Street, Fannie Bay, are currently being offered with a total area of 2,350 sqm.

This property, which is ripe for a makeover, occupies probably the most privileged location locally known as “The Golden Mile” presenting the opportunity to combine both allotments or treat them separately (Zoned LMD).

The home comes with a spectacular view of the bay area including sea views. It also presents countless opportunities for renovation which suit your taste and personality.

No. 100 East Point Rd is a solidly built and character-filled residence tailored in Colonial style with generous areas on all three levels.

Both the style and nature of the home’s rooms make it highly versatile and adaptable to a variety of accommodation needs.

You are invited to grab this opportunity as homes in this much sought-after location rarely change hands. You can either go for a combined purchase or acquire it individually.

No.5 Elizabeth Street is ideally suited for development as Elizabeth Street consists of older-style residences that would require substantial renovation. Investment-wise, this property is probably one of the best deals you can come across on East Point Rd.

Council rates for this property stand at approximately $7,380 annually while no. 5 Elizabeth Street is pegged at around $4,320 per annum.

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