16 Tooke Street

Bar Beach NSW 2300

550 m²

Land

Currently for sale - view listing

Overview

Excavators On the Way, Soon To Be Vacant Land! Build Your Dream Home or Development

This fire damaged property is currently being programed for demolition providing an extremely rare opportunity to secure vacant land in one of Newcastle's most coveted beach suburbs. This unique offering will allow the successful applicant to secure this land offering now and settle the purchase when the fire damaged property is demolished and cleared. This process is expected to be completed within approximately 8 - 10 weeks. The gentle slopping block is approximately 550sqm in size with 13.71m front/rear, and 40.23m side boundaries, the rear deck and house will be demolished and cleared to the front boundary. The rear landscaped yard offered a sunny northern aspect with room for a pool and will be retained for the incoming buyer to enhance if required. There are two major attributes that enhance this offering that will be appreciated by experienced buyers or developers. The first, R3 Council zoning that provides additional building height benefits and the second, no "heritage conservation" classifications that some neighbouring suburbs are subject to, these two items will allow far greater flexibility and scope in designing a new home or duplex. This rare land acquisition opportunity would supply the perfect location to build a new long-term family dream home, or perhaps supply an opportunity for two parties to pool their resources and construct a duplex development STCA thus providing a more affordable entry level to Bar Beach. value for a newly constructed residence that would be an added benefit for the successful purchaser. Given its location offered easy access to schools, shops, cafes and restaurants and best of all, strolling distance to beautiful Bar Beach, this special offering provides a fantastic and rare opportunity to secure vacant land in this highly sort after suburb that has constantly provided some of the best capital growth in Newcastle for decades. Inspection strictly by appointment. * Council Rates : $4720.00 * Council Rates : $990.00 Plus Usage