Blackalls Park, NSW, 2283

SOLD

Open to ALL offers!

With interest rates at a record low, this is the best time in the last hundred years to buy real estate!

CAN YOU BELIEVE YOU COULD OWN THIS FROM AS LITTLE AS $560.00 PER WEEK! *

Located in a high growth area, this fantastic development opportunity with over 1600m2 of gently sloping land is ideally suited and zoned for two-storey townhouses (subject to council approval).

A short drive to Toronto shops, easy access to the M1 Motorway, and the shores of Lake Macquarie makes this a sought-after position allowing any development the highest possibility of selling out prior to construction. Concept plans have been completed and are available as part of the purchase. The land is zoned R3 medium density residential and the following links show the zoning map and the land use permissible. Please note that the land is bush fire prone.

https://legislation.nsw.gov.au/#/view/EPI/2014/605/historical2017-01-27/partlanduseta/include7

https://www.legislation.nsw.gov.au/maps/9129c7fd-a537-45d6-ad46-6a8c474124f2/4650_COM_LZN_009B_020_20140625.pdf

The existing house comprising 4 bedrooms and 1 bathroom could be used as the primary residence during any construction or could be rented out during the development application process. Being piered, it would also be suitable to sell and move off site rather than demolish.

This is an exceptionally rare opportunity as most other sites in the area are single blocks that restrict opportunities but as this is a double block with 2 separate titles, the ability to maximise development on site is increased.

Concepts are available for 10 townhouses or to keep the existing house and build 7 townhouses (not council approved). Concept also available for a 17-unit complex with 7 x 3-bedroom and 10 x 2-bedroom units.

Find out more and arrange your inspection by calling 02 4958 8555 today.

*Calculations based on a 10% deposit. Commonwealth Bank current fixed interest rate of 2.99% pa over 30 years.

BE COVID-SAFE: In the interests of protecting the health of our clients and staff, we are required to record personal contact information of all attendees at Open Homes. If you have recently visited a known “hotspot" or if you are experiencing any of the following symptoms, we request that you rest at home, isolate and do not attend our open homes at this stage.

• Fever

• Coughing

• Sore throat

• Fatigue

• Difficulty breathing or shortness of breath.

In compliance with current orders issued by the Department of Fair Trading we are required to record contact details of all parties that attend inspections. All information collected is securely stored and only used for the purpose of COVID-19 contact tracing.

Please refer to health.nsw.gov.au and fairtrading.nsw.gov.au for further information.

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Type

Residential Sale

Price

$685,000

Property Type

House

Land Size

1669.7 m²

Suburb

Blackalls Park