Land for sale

129 Lake Road,

Port Macquarie, NSW

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7,183sqm (approx.) - Right in the heart of Port Macquarie! Your Next Address? Rewarding Investment? Or Grand Development?

Property ID: 46013

What an outstanding opportunity this pristine, 7,183sqm parcel presents to the thriving Port Macquarie marketplace! A superb, heart-of-town location - absolute convenience, yet a ‘miles-from-anywhere’ feeling, surrounded by bushland, backing directly onto Kooloonbung Creek nature reserve!
Older style accommodation allows for multiple rentals with unique house, perfectly positioned to the front corner of this huge 1.75 acre block, and leaving an expansive parcel of prime real estate in its wake - along with a multitude of excellent opportunities and possibilities for a wide range of savvy buyers hoping to make their mark on this beautiful coastal location.
This exceptional and unique property is within minutes of the areas stunning beaches as well as Port Macquarie's thriving and diverse café and restaurant district, the beautiful Hastings River and all the other conveniences of this in-town location.
This fast-regenerating pocket is surrounded by new and existing homes and modern re-developments, supported by a consistently high-growth population - no doubt, attracted to this aquatic wonderland for obvious reasons!
Apart from families seeking a huge parcel to build their dream home, and owner-occupiers wanting an additional income through hosting short-stay accommodation; investors will be impressed by the potential to achieve multiple rental returns through either long-term or short-stay leasing, especially with the area’s expanding Universities and growing demand for student accommodation - AND, the block-size alone will certainly sell itself to developers hunting a site to deliver their next big project!
Concept plans were previously drawn up for 12 x 3 bedroom townhouses or 18 x 2 bedroom townhouses, or even a mixture of both! The possibilities are limited only to your imagination (and Subject to Council Approval!).
Council Rates: $2,900 per annum (approx.)
Last updated: 04:06AM on May 18th 2018
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