Site Dimensions:
The combined properties are regular in shape, with a frontage of 33.53 meters to Gertrude Street, and a depth of 48.77 meters.
Total site area: 1635 Square meters.
Existing Improvements: 2 dwellings, currently tenanted on expired leases.
The site is conveniently located in a quiet cul-de-sac approximately 400metres from Gosford Station. Gosford CBD, schools and Gosford Hospital are in close proximity to the subject property.
The frontage of the property (Gertrude Street) is kerbed and guttered with underground storm water drainage in place.
The subject property is located a well established residential flat area.
Development Status:
The development site is offered for sale as a raw site.
The property is zoned Residential R1 and permissible uses include residential flat buildings, maximum FSR (Floor Space Ratio) of 1.5: 1 and maximum height of 18 meters under the current LEP. A new LEP has been advertised by Gosford council, and will allow the FSR to increase to 2:1.
Asking Price: $1.2M
Previous Development Consent:
Gosford Council granted development consent for the subject property in October 2004 for a three storey residential flat building comprising 12×2 bedroom units and 4×3 bedroom units.
Gosford Council granted approval for a Section 96(2) Amendment in 2009 for a revised development application.
The above development consent was for a period of five years commencing October 2004.
The purchaser of the property has the option of either resubmitting the existing plans for approval, or alternatively preparing new plans to maximize the allowable FSR under the current and proposed LEPs.
for more details call me on.
Contact: Kel 0401 485 092