Description

DEVELOPMENT SITE ZONED R3

Settlement: 12-18 months is achievable
Deposit: 10%
Zone: R3/SP2
R3: 6,182.08m2
SP2: 1,727m2
Size: 7,909m2 or 1.95 acres
Sewer: Sewer rising main running through site, gravity main is sitting on Fifth avenue.
You won't be able to tie into the main, however, once the developments at the back of this lot are completed there should be a gravity sewer to tie into.
All other services are available per the DBYD attached, waiting for NBN info to be released but assume there is NBN available.



SP2 Drainage Land Acquisition

Please note that this is only an estimation based off the previous superseded contribution plan, I am unsure why the current contribution plan does not show the land acquisition for this drainage so I will leave this up to you and your team.
Estimated Value: $226,654.14

This site can likely be subdivided into 18 * 250m2 Lots achieving around $620k to $650k in today's market.

You can also build apartments on this site and at a 12m building height which will allow you to build up to 3 storeys, unit count TBD.

Other use case on this site is terraces, minimum strata lot size is 180m2 with a 6m lot width, it is possible to achieve between 20-22 terraces on this site.

** BUYERS NOTE - Buyer Agency Fee applies on this sale.