Issue 26 | The Property Development Review

Property Listings

NSW

nextinvestment Exceptional Light Industrial Estate

3 Luke Close, West Gosford NSW

For Sale via Public Auction on Tuesday 28th September, 2021 Easy access to West Gosford retail hub & Gosford CBD & close proximity to major roads & transport links to Sydney including M1 Pacific Motorway & Gosford Railway Station + 4,099 sqm site with dual street frontage + Potential to redevelop (STCA) + Zoned IN1 - prominent location

Next Commercial Brad Hillier 0405 371 109

www.nextcommercial.com.au

AUCTION THURSDAY 21 OCTOBER 12:00PM

Outline and Locations Indicative Only

THE ULTIMATE OPPORTUNITY: A DEVELOPMENT SITE WITH HOLDING INCOME

• Current holding income of approximately $130,000pa (with potential to increase) • Zoned R1 • Lapsed DA (2018) for 110 units - documentation is ready and can be re-lodged • Current DA approval for 7 lot sub-division comprised of; - Six 550-650m 2 * house blocks (all duplex sites) - One x 1795m 2 * development site - which can be further sub-divided into three additional lots or 23 units, a boarding house, a childcare centre or an over 55's (STCA) *Approximately

service providers - all key amenities are in close proximity. Professionals and families are drawn to the area - which has all the attractions and amenities of the Central Coast within easy reach, whilst Sydney is an easy commute away (approx. 60 mins). The Owners' Favourite Part: The opportunities with this site are endless. With a lapsed DA, investors can be confident they should receive council approval for a multi-unit development with 110 properties. Features include; • Total of seven blocks with three street frontages

Ormond St and Range Rd, North Gosford Here lies the ULTIMATE development opportunity (STCA). Receive a steady income streamwhile obtaining the required approvals to develop this site and forever increase your revenue. A total of 5528m 2 *made up of 7 blocks, this site occupies a fantastic position close to Gosford CBD, hospitals, waterfront and train station. Gosford is a sought after destination which attracts infrastructure investment and has a bright future as the key conduit fromSydney to the Central Coast. Home to the Central Coast Stadium, a selection of quality schools, shops, cafes and

WHAT WILL YOU DOWITH THIS SITE? CONTACT LARRY ALTAVILLA ON 0409 666 577 TODAY TO DISCUSS YOUR PLANS.

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