PRIME DEVELOPMENT WITH SUBSTANTIAL HOLDING INCOME POTENTIAL
A rare and substantial land holding is available in sought-after Shortland, with a 1,834m2 block located directly across the road from the Hunter Valley Private Hospital and just 170m to Shortland town centre. This property is a fantastic opportunity to develop (subject to council approval), invest or land bank.
The property is zoned R2 Low-Density Residential with a floor-space ratio of 75% for a strata subdivision and a minimum torrens title lot size of 450m2.
Neighbouring lots have been developed substantially including a retirement village, medical precinct, and standard residential dwellings.
The current owner has gone to the trouble of organising:
- Sewer depth diagrams
- Flooding risk
- BAL rating investigations
- Previous DA approval for existing dwelling alterations
- Plans for new single dwelling.
Other features include:
- North-east facing aspect
- Approx. 119.5m deep x 15.2m wide
- Approx. 500m to Shortland Public School.
- Approx. 1km to the Hunter Expressway
- Approx. 1.2km to Hunter Wetlands Centre
- Approx. 1.9km to Sandgate Station
- Approx. 2.3km to University of Newcastle
- Approx. 3.2km to Bunnings Wallsend
- Approx. 4km to Jesmond Central
- Approx. 13km to Newcastle CBD
- Approx. 24km to Newcastle Williamtown Airport
- Approx. 26km to Maitland CBD.
Call us on 02 4958 8555, 7 days to book an inspection.