Another Great Hinterland Sale
Zoned R1, is this prime combined parcel – totaling 1762m2 in size with a 36 meter frontage & depth of 48 meters which sits just minutes from the ever developing Gosford CBD, Hospitals, Rail & Water Front facilities.
Subject to council consent this substantial property allows for a 3 to 4 level apartment/unit complex development.
Under councils current LEP, a floor space ratio of 3.50:1 exists, with a 12 meter build height, subject to approval/consent council may also allow for further concessions here.
The properties consists of 2 x 2 bedroom brick constructed villa/duplex’s both with single garages & returning $600 all up per week along with a further 4 bedroom home with rent potential of a further $400 per week, this gives an approximate $1000 per week return whilst you go through the development approval stage.
If you are a developer, builder or just looking for a great investment opportunity, a fantastic site exists here.
- Street View