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North Gosford, NSW 2250
The Ultimate Opportunity: A Development site with Holding Income
Here lies the ULTIMATE development opportunity (STCA). Receive a steady income stream while obtaining the required approvals to develop this site and forever increase your revenue. A total of 5528m2 made up of 7 blocks, this site occupies a fantastic position close to Gosford CBD, hospitals, waterfront and train station. Gosford is a sought after destination which attracts infrastructure investment and has a bright future as the key conduit from Sydney to the Central Coast. Home to the Central Coast Stadium, a selection of quality schools, shops, cafes and service providers - all key amenities are in close proximity. Professionals and families are drawn to the area - which has all the attractions and amenities of the Central Coast within easy reach, whilst Sydney is an easy commute away (approx. 60 mins). The Owners' Favourite Part: The opportunities with this site are endless. With a lapsed DA, investors can be confident they should receive council approval for a multi-unit development with 110 properties. Features include; - Total of seven blocks with three street frontages - Current holding income of approximately $130,000pa (with potential to increase) - Zoned R1 - Lapsed DA (2018) for 110 units - documentation is ready and can be re-lodged - Current DA approval for 7 lot sub-division comprised of; * Six 550-650m2 house blocks (all duplex sites) * One x 1795m2 development site - which can be further sub-divided into three additional lots or 23 units, a boarding house, a childcare centre or a over 55's (STCA) The particulars (all approx.) Total development site size: 5528m2 27 Ormond St = 841m2 25 Ormond St = 556m2 23 Ormond St = 556m2 23a Ormond St = 556m2 11 Range Rd = 860m2 9 Range Rd = 904m2 7 Range Rd = 955m2 This is your opportunity to develop in a growing regional city. What will you do with this site? Contact Larry today to discuss your plans. Online Auction: Register Here: https://auctionnow.com.au/properties/75980#/
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North Gosford, NSW 2250
The Ultimate Opportunity: A Development site with Holding Income
Here lies the ULTIMATE development opportunity (STCA). Receive a steady income stream while obtaining the required approvals to develop this site and forever increase your revenue. A total of 5528m2 made up of 7 blocks, this site occupies a fantastic position close to Gosford CBD, hospitals, waterfront and train station. Gosford is a sought after destination which attracts infrastructure investment and has a bright future as the key conduit from Sydney to the Central Coast. Home to the Central Coast Stadium, a selection of quality schools, shops, cafes and service providers - all key amenities are in close proximity. Professionals and families are drawn to the area - which has all the attractions and amenities of the Central Coast within easy reach, whilst Sydney is an easy commute away (approx. 60 mins). The Owners' Favourite Part: The opportunities with this site are endless. With a lapsed DA, investors can be confident they should receive council approval for a multi-unit development with 110 properties. Features include; - Total of seven blocks with three street frontages - Current holding income of approximately $130,000pa (with potential to increase) - Zoned R1 - Lapsed DA (2018) for 110 units - documentation is ready and can be re-lodged - Current DA approval for 7 lot sub-division comprised of; * Six 550-650m2 house blocks (all duplex sites) * One x 1795m2 development site - which can be further sub-divided into three additional lots or 23 units, a boarding house, a childcare centre or a over 55's (STCA) The particulars (all approx.) Total development site size: 5528m2 27 Ormond St = 841m2 25 Ormond St = 556m2 23 Ormond St = 556m2 23a Ormond St = 556m2 11 Range Rd = 860m2 9 Range Rd = 904m2 7 Range Rd = 955m2 This is your opportunity to develop in a growing regional city. What will you do with this site? Contact Larry today to discuss your plans. Online Auction: Register Here: https://auctionnow.com.au/properties/75980#/