Elevated position with northerly views over the marina and across "the bay" towards the entrance of the Myall River and Winda Woppa, the owner has engaged Hunter based architects OAD to prepare development concepts which embrace the current vision of Port Stephens Council (PSC) for the development of Nelson Bay CBD. The design proposed flows with the natural landscape minimising expensive excavated basement carparks and embraces the 17.5 metre height restriction imposed by the LEP. Featuring the latest in luxury style apartment living over four (4) levels with a combination of two (2) and three (3) bedroom designs plus the fifth level roof top penthouses offered with three (3) bedrooms. All apartments are angled to maximise the views from within the apartments and the extensive use of balconies for outdoor entertaining spaces to take advantage of the bay views. Today the property of 1,596 square metres comprises a free-standing brick and tile home with three (3) bedrooms, one (1) bathroom and a single lock-up garage, currently tenanted at $500.00 per week until October 2022. Developers seeking a premier location within Nelson Bay should consider this opportunity, the current owners have reluctantly placed this asset for sale, the architects OAD are happy to receive inquiries to further enhance buyers understanding of specific details of the concepts and compliance with PSC LEP. Land of this size and potential is extremely rare in Nelson Bay these days and expectations are that it will sell quickly, so not to miss out, arrange a private inspection or confidential discussion, call Michael Kirby on 0423 792 829 you will not be disappointed!