Last block of land on exclusive Avoca beachfront strip on the market
The last block of land on one of the Coast’s most exclusive beachfront strips has hit the market in Avoca Beach.
The parcel at 132 Avoca Dr is just footsteps from the beach and captures panoramic views.
The local owner has been holding the block forever and finally decided it was time to sell.
With a sunny north easterly aspect, the 556sqm vacant land is just a short stroll to the shops, cafes, cinema and surf club.
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Agent Matthew Ellis from George Brand Avoca Beach said that he had already issued two contracts on the property.
He said that interest has mainly come Sydney buyers, who currently hold a huge stake in the Avoca beachfront market.
“You can’t do units or a duplex on the site, but you can do a house and granny flat, so it would work really well as a weekender, investment or both,” he said.
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An apartment next door at 5/120 Avoca Dr sold last year to a Sydney buyer for $3.1 million, one of the highest sales of the year.
Mr Ellis said that the apartment, as well as another in the same block, sold almost immediately.
The block of land is for sale via private treaty and has a price guide of $2 million.