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UNIT DEVELOPMENT SITE - GLOUCESTER, MID NORTH COAST NSW

LOCATION/AREA

Gloucester near Taree, Mid North Coast, NSW

PROPERTY TYPE/SIZE

A large vacant block of 1,738 square metres with approval for subdivision into one 1000sqm block and one 738sqm block. The block is also zoned for multiple occupancy (i.e. units or townhouses)

PRICE RANGE

SOLD

PROPERTY DETAILS

This block is adjacent to a 2 acre, Council maintained reserve that cannot be built out. The block is on one title but has Council approval for subdivision into 2 separate blocks, one 1,000sqm block (large enough to build 2 homes on) and one 738 block. The block is also zoned multiple occupancy where council will allow up to ten bedrooms on the site. This can be townhouses or units in any configuration:

• 5 x 2 bedroom units
• 2 x 2 bedrooms plus 2 x 3 bedroom townhouses
• 4 x 2 bedroom units plus 2 x 1 bedroom units

This land is in the "Old Golf Course Estate" and includes underground power connection with water and sewerage connected. The hospital, schools, shops and sporting facilities are all located close by. The land rates are $1,250pa

The Block	The Block

BEST FEATURES

• Level land – easy to build on
• Subdivision approval into 2 separate blocks
• Development potential for units or townhouses
• Great views to the mountains
• Kerb and guttered bitumen road frontage
• Underground power available
• Would suit builder or investor
• Potential for huge capital gains

ADDITIONAL INFORMATION

This block is one of a kind, with Council approval for subdivision into 2 blocks or as a developement site into townhouses or units. There is a shortage of multiple occupancy blocks in the town as council are not approving these at present.

Gloucester is only one hour to the Newcastle area plus close to Port Stephens, Buledelah and the Myall Lakes. Taree is only 40 minutes away.

Investors and builders should inspect this land to see the potential. It represents a low land cost per unit/bedroom.

Contact Details

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