Offered as a truly unique investment or development opportunity, two blocks side-by-side, offering a combined 2,077m2 of centrally located real estate! Situated on the high-side of Tennent Road, these two blocks enjoy approximately 38m of frontage – meaning future development options are vast (STCA).

The lots are 961m2 and 1,116m2 respectively, with a gentle ascending slope that lends itself to a suitable lot for a townhouse style development. The site has R3 Medium Density Residential zoning, permitting multi-dwelling housing and residential flats – pending council approvals.

Close to shops, entertainment, public transport and a range of amenities; the location presents with amble sustenance or future residents to enjoy. Unit and apartment sale prices in Mount Hutton have risen 6.7% in the past 12 months; driven by an increase in services across the locale*.

Currently, the lots present with two, three-bedroom homes; both are currently occupied in their current state.

Location information:
- 450m (approx.) to the Lake Macquarie Fair shopping center
- 500m (approx.) to public transport connections
- 700m (approx.) to Mount Hutton Public School (zoned)
- 2.5km (approx.) to Hunter Sports High School (zoned)
- 23 minute (approx.) drive into Newcastle city
- 2 hour (approx.) drive into Sydney

*Data obtained from REA Group data, 2023
Marketing disclaimer: Whilst every care has been taken in collecting and producing the above information, no warranty is given or implied as to the accuracy. Prospective purchasers are required to take such actions as necessary to satisfy themselves in this respect. All development options are pending Council and planning approvals, preliminary planning assessment has been completed with excerpts available at request.
Sold Price : $1,690,000
Sold Date : 2023-07-05

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