393 John Oxley Drive

Thrumster NSW 2444

• Surrounded by rapidly expanding residential subdivision and commercial precincts including chemist, supermarket, gym, medical, cafes, plus major school close by ( St Joseph's Regional College within 1km), 24 hr highway service centre and fast food around the corner and under 10kms from the CBD of Port Macquarie - this opportunity ticks many boxes to ensure success
• The property benefits (when combined with 381 John Oxley Drive) from a current development approval for a 55 residential lots over 4 stages with designed lot sizes ranging from 482 sqm to a one off larger site of 18,227 sqm - the aggregate size is - 650 sqm approx
• Buyers may consider an amended DA to resize the lots and improve site yield - create more lots to meet the affordable housing pressures (STCA) and increased financial returns
• This property is being sold via Expression of Interest. Please note the Vendor reserves the right to enter into sale contract at any time.
• 381 John Oxley drive, which benefits from the DA, is also for sale as a separate listing (non-related vendor)
• Local dwelling values in the Port Macquarie Hastings area have risen strongly over the past few years (over 50% since 2019), though the pace of growth has moderated more recently. Good growth is still predicted and widely accepted across many market observers to be between 3-7% PA, based on the to continued demand for lifestyle/regional living, great Infrastructure and amenity developments, strong rental growth and low vacancy which support investor demand. Regional hubs like Port Macquarie has remain resilient.

For particulars of contract, DA approval plans and approval condition's, or inspections, call the listing agents.
Raine & Horne - Luke Horton 0417 406 414
"Quayside Building" 136 William Street Port Macquarie
Ph 02 6584 0544

Disclaimer: The information contained in this advertisement has been obtained from sources believed to be reliable and has been provided by third parties. While reasonable efforts have been made to ensure the accuracy of the information presented. Prospective purchasers are advised to conduct their own independent investigations and should not rely solely on the information contained in this advertisement. Any reliance placed on such information is strictly at the recipient's own risk.