Legal Description: Lot 32 in Deposited Plan 573329 Zoning: Residential 2A Low Density Residential Land Size: 4,994 m2 Property Description: Situated on the block is a 3 bedroom brick & tile home consisting of lounge and dining areas, original bathroom, laundry and screened sunroom. The property also has a Laminex kitchen, Westinghouse upright stove and reverse cycle split system air conditioning. There is also a double lock up garage and rear verandah area. The block slopes downwards from the front to back with a creek running through the second half of the block. Property Potential: When carrying out this research we have looked at the following as options: 1. The property as a potential development site allowing for zoning and possible Local Government restrictions. 2. Keeping the property as is. Research - Selling the property as a development site. Comments: The property as it exists offers a brick & tile residence on a large block with separate garages out the back, located on a large 4,994m2 block. On further investigation it may be possible to sell the existing residence with modifications on a 450m2 parcel of land and subdivide the balance of the land into 450m2 dual occupancy sites. This, including the current dwelling, would potentially create 9 residences for sale. There may be some restrictions with the creek running through the land, and our consultants believe there would need to be a 2m setback on either side of the creek which could not be built on. This would be subject to approval via a DA process with Lake Macquarie City Council. The site may accomodate 4 dual occupancies and also the single existing dwelling on a 450m2 block of land. For Sale: By Expressions of Interest. Restrictions of Zoning: https://www.lakemac.com.au/downloads/6D12E58284B8914D3B4A6BBBE2D27424BA5E1351.pdf Disclaimer: All information contained herein is gathered from sources we deem reliable. However, we cannot guarantee its accuracy and act as a messenger only in passing on the details. Interested parties should rely on their own enquiries. Some of our properties are marketed from time to time without price guide at the vendors request. This website may have filtered the property into a price bracket for website functionality purposes. Any personal information given to us during the course of the campaign will be kept on our database for follow up and to market other services and opportunities unless instructed in writing.