This panoramic positioned property offers elevated and expansive million-dollar views, across the city skyline, marina and sparkling harbour. Occupying a substantial 561m2 slice of dress circle St Marys Bay, properties of this calibre are exceptionally rare to market. This extraordinary property offers position, possibility and incredible potential for the astute investor or buyer with vision.

The character filled property is currently divided into four happily tenanted flats, providing a healthy income. At street level is a two bedroom residence with open plan living and dining, and a modern bathroom. A spacious three bedroom residence follows on the central level, with a well appointed bathroom and ensuite, and an elevated dining room opening out to a panoramic north facing deck. A rooftop terrace is also in place, with uninterrupted views across the water. A second beautifully presented two bedroom with bathroom apartment enjoys yet more stellar views, as does a spacious one bedroom north facing sea view apartment. All have been well refreshed by the current owner to healthy-homes standards, with new paint and carpeting, while a spacious light-filled office is perfectly positioned for a home business given the fantastic location and abundance of street parking.

There is also a carefully maintained alfresco communal space to be enjoyed or further developed. With a spectacular retained grassed outlook to ensure you can craft your vision for the future with peace of mind due to future proofed upgrades.

Previously consented for two premium townhouses, and with historic existing use rights, this site really does have it all for those considering options for future development: an impeccable position, an abundance of space to work with and an ability to simply leave as is and appreciate a considerable passive income. The property is ripe for potential development, a do-up or investor desiring a solid return and capital gain.

Moments from Herne Bay and Ponsonby Road and with off street parking for several vehicles and extensive storage, the only thing left to do is book an appointment to view. A rare opportunity to dream big in exclusive St Marys Bay.