An exceptional opportunity awaits the astute buyer at 1639 Ocean Drive, Lake Cathie. Comprising four separate 450m² lots across a total land area of 1,834m², this rare holding is positioned just 100 metres from the lake and an easy stroll to the beach, local shops and everyday conveniences.
Straddled by an existing complex of seven unitssix two-bedroom units and one four-bedroom unitthis property offers flexible options for the forward-thinking investor, developer or builder. Whether you choose to renovate and reap the rewards, redevelop (STCA), or landbank for future gain, the potential here is undeniable.
Set along the scenic Ocean Drive with effortless access to Port Macquarie just 20 minutes away, the property delivers the best of coastal living with peace, privacy, and long-term growth prospects.
Key Features:
Total landholding of approx. 1,834m² (4 x 450m² lots)
Existing complex includes:
- Six x 2-bedroom, 1-bathroom units
- One x 4-bedroom, 1-bathroom unit
All dwellings in original condition with strong scope for renovation
Additional shared amenities: tennis court and swimming pool (requiring refurbishment)
Versatile options: renovate, redevelop or retain as an income-producing asset
Take advantage of existing DA for a 14 unit complex
Zoned for growth in one of Lake Cathie's most accessible lifestyle locations
Lifestyle Highlights:
100m to picturesque Lake Cathie foreshore and a short stroll to the beach
Walk to local cafés, shopping centre, medical services and Woolworths
Positioned along a direct coastal link to Port Macquarie, with public transport nearby
Well-established, elevated setting offering peace of mind and a relaxed pace
The Opportunity:
Whether you're a developer seeking your next project, an investor looking to value-add, or a builder exploring a coastal prospect with long-term upside, this standout site is a must to consider.
Contact the team at Patterson First National today for an information pack or to arrange a private inspection. Opportunities of this scale and potential in Lake Cathie are few and far between.
Property Type: Block of Units
Council Rates: $4,900 pa*
Land Size: 1,834 m2
IDENTIFICATION MAY BE REQUIRED FOR ENTRY TO ALL OPEN FOR INSPECTIONS
