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97 South Street, Telarah, NSW 2320

Price Guide $750,000 - $795,000

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RARE DEVELOPMENT OPPORTUNITY

It’s not often that a block of land with so much potential becomes available in the middle of an established suburb. But this property ticks all the right boxes for a developer wanting to make the most of its size and location in one of the fastest growing regions in Australia. The 4066sqm block sits on the main thoroughfare in Telarah and was historically used as the site of the South St Public School. While the school ceased operation many years ago, much of its infrastructure remains on site, providing a solid base for future development activities. Located in the midst of the well-established and family friendly suburb, the property is zoned R1 (general residential), allowing it to be used for a variety of different purposes (subject to council approval). The block is well suited for redevelopment, with existing access to all services from the street including town water, power and sewer, and a generally rectangular shape with a gentle slope towards a natural watercourse in the back corner. Detailed concept plans for a 14-unit townhouse and villa development have already been drawn up by Sorenson Designs to highlight one potential configuration for the site should buyers choose to knock everything down and start from scratch. Those wishing to capitalise on the existing infrastructure, however, also have plenty of options for the site’s re-use. The classroom buildings, amenities block, covered outdoor learning area, asphalt basketball court and expansive grassed grounds could be easily and efficiently repurposed and updated for use as a childcare centre, while multiple access points to the buildings on site could allow for the former classrooms to be converted into an affordable housing development or be used as micro-apartments. The wider Maitland local government area has become a hub of investment and development activity during the past decade, with its surging population making it consistently one of the fastest growing regions in Australia. This property is well located in an established area of Telarah, a suburb popular among families due to its proximity to local schools, shops, sporting facilities and public transport. The neighbourhood shopping precinct is within walking distance of the property, featuring a small supermarket, butcher’s shop, newsagency, post office and other small businesses catering to your day-to-day needs, while the local bowling club is just a couple of hundred metres down the road, providing a place to catch up with friends over a bite to eat in the bistro, or enjoy a social game of lawn bowls. A five minute drive will take you into the bustling heart of Maitland’s city centre, where the redeveloped Levee precinct on the banks of the Hunter River offers a mix of interesting boutiques, professional businesses, renowned cafes and restaurants. A number of shopping centres add to the retail and supermarket offerings, while the city’s cultural, recreational and sporting assets are well regarded across the region. Telarah’s proximity to the region’s major transport links, including the New England Highway, Hunter Expressway and the Main Northern railway line, also provides enhanced connectivity to the attractions and employment opportunities across the Lower Hunter, Upper Hunter, Lake Macquarie, Newcastle and Port Stephens. SMS 97South to 0428 166 755 for a link to the on-line property brochure.

First listed on 11 November, this property has been on Realty for 546 days. There are currently 4 properties for sale in Telarah.

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Land Area: 4066 m2
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