Phone Enquiry Property ID: 1783 (Quote when calling or texting)Lot 201 Waterview Drive Lammermoor at Yeppoon QLD 4703A perpetual Material Change of Use (MCU) is attached to Lot 201.That is a Subdivisional Approval for the creation of 31 sub-lots.Council Approval exists for all Subdivisional Drawings.30 sub-lots approximate 800m2, with a projected average selling price of $273,000.Each sub-lot has coastal views and is about 2km from Kemps Beach and Rosslyn Bay Marina.Yeppoon is well supported by infrastructure, shopping centres, public amenities and RockhamptonResidual sub-lot 62 will be 14,500 m2, and is suitable for 20 extra residential sub-lots or 40 units, subject to Council granting an MCU.For Valuation purposes, a gross realization is adopted in excess of $11M.The Valuation is current and was made for the purpose of raising first mortgagee finance.The estimated time frame for project completion of 30 sub-lots is 12 months.The Feasibility for the 30 sublots provides an estimated return on costs of 55 %.Expression of Interest