A lucrative opportunity for redevelopment and immense profitability, this 1,250sqm property. It is zoned 2(1) Residential, placed just moments from Lake Macquarie.

20.1m frontage with preliminary plans drawn for 5 massive two-story houses on site with natural water course at the base of property to get the water out. Currently rented for $600 per week.

But don’t take our plans for it, there are plenty of options to tweak and squeeze your ideas onto this iconic and rare site.

- Rare, once in a lifetime opportunity to secure landholding
- Well maintained interiors featuring open plan living areas
- Potential to redevelop into new apartments or townhouses
- Invest and capitalise on a current property market demand
- Premier location to envision as a palatial family estate
- May appeal to those looking for super fund investment
- Established area destined to grow
- Walk to restaurants, city buses, shopping precinct