Located in one of the Hunter Valley’s most sought-after locations, this approximately 3,136m2 site is zoned R2 and has DA Approval for four lot subdivision with recently confirmed physical commencement and an excellent federation home currently returning $380 per week providing a great holding income.

Exceptionally rare, you have the option of sitting on the site with secured future potential, you could develop the site and sell some or all of the blocks or you could (subject to Council approval) build six townhouses on the sites and either sell or hold (or a combination of the two). In a market where land is impossible to find and solid investment opportunities are so desperately sought-after, we expect this opportunity will appeal to a wide audience.

The existing three bedroom cottage has an open plan, has recently been refreshed and has an excellent tenant on long term lease paying $380 per week. Once subdivided, the cottage will sit on its own title at the front and could also be sold separately.

Approximately 3 mins drive (or within easy walking distance) of the Kurri Kurri town centre, the site also benefits from being 15 minutes from the Maitland CBD and Greenhills shopping centre and less than 40 minutes to Newcastle. It is also on the doorstep to Hunter Valley Wine Country and will reap the rewards of the redevelopment of the Kurri Hydro site.

Inspection by private appointment.