Set on a rare 1100sqm garden block, just one door from the ocean, the existing home is liveable but aging. However (STCA) its prime, elevated surfside position, on the CBD fringe, is perfect for future apartment development; an exciting opportunity indeed.
- Coveted locale; older home on unusually large land parcel
- Excellent potential for premium apartment development (STCA)
- Zoned R1 General Residential, to building height 11.5 metres
- Easily accessible, gentle incline; ideal building allotment
- Position; a short coastal stroll to Oxley Beach, Town Beach
- Shops, cafés, parkland, Lord Street medical precinct nearby
- Sizeable existing residence; three bedrooms, two bathrooms
- Rental could provide income pending future development
- Port Macquarie recording very strong apartment sales growth
- Truly exciting opportunity for developers with future vision
- Note: McGrath also marketing adjoining 827sqm surfside block
