This two-bedroom home offers scope for renovation while already providing the essentials, including power, hot water and a flushing toilet, giving you a practical starting point for renovation, rental or redevelopment.
Positioned on a substantial 1,400m² allotment with glimpses of Lake Macquarie, the property offers significant future potential. A permit has already been approved for a duplex comprising two generous, full-sized family homes. Alternatively, a concept plan has been prepared showing the potential for five units, subject to council approval.
A demolition permit and tree removal approval have also been issued, helping reduce the time and uncertainty associated with preparing the site for development.
Conveniently located within a short walk of Wangi Wangi shops, lakeside walking paths and local amenities, this is a rare opportunity to secure a sizeable development site in a tightly held lakeside location.
Key Features:
Two-bedroom existing home
Power, hot water and functioning toilet
Large 1,400m² allotment
Lake glimpses
Approved Permit for two full-sized family homes
Concept plan prepared for five units (STCA)
Demolition and tree removal permits issued
Short walk to shops and Wangi Wangi walking paths
Outstanding renovation, investment or development opportunity
Agent declares an interest.
To arrange an inspection call Matt on 0474 781 711
