Prized Ansett block offers direct beach access
A prime beachfront block in Mt Eliza’s Ansett estate has drawn local and international interest.
The future of the 22ha green wedge allotment at 90 Kunyung Rd will be decided in 2018 when the RM Ansett Trust chooses from several expressions of interest submitted.
The rare land release drew plenty of attention with offers, for this part of the historic estate of aviation pioneer Sir Reginald Ansett, closing on December 13.
Commercial Insights: Subscribe to receive the latest news and updates
The allotment has 100m of direct frontage and beach access and extensive frontages.
The 90 Kunyung Rd allotment stretches down to the beach.
While there is no price guide released, it has been reported that it could fetch $40 million or more.
The development potential for the vacant block includes commercial, leisure, hospitality, healthcare, education and clifftop dwellings.
The RM Ansett Trust supports programs to help for young people and the listing is being handled by Ernst & Young Real Estate.
The block is the final parcel of land held by the Ansett Trust at Mt Eliza.
A smaller adjoining allotment at 60-70 Kunyung Rd, also part of the Ansett estate, sold in 2016 for more than $37 million.
The 8.9ha beachside estate has uninterrupted views across the bay, private beach access and 190m beach frontage.
It has 98 well-appointed accommodation rooms and would suit as a boutique hotel, health and wellness or medical centre.
This article from Leader Newspapers was originally published as “Prized Ansett estate block offers potential in top spot”.
