TERALBA NSW - 4 Bed House - Development Opportunity - $5M - 30% Contracoin

Teralba NSW - 4 Bed House - Development Opportunity - $5M - 30% Contracoin

Golden Investment Opportunity!

Embraced by its native Australian landscape, 30 Quarry Rd is a unique steel-constructed residence set amid a sprawling 1.1 hectare semi-woodland acreage, complete with fenced paddocks and a stable. Ideally located, this contemporary, immaculate four-bedroom home offers a tranquil, peaceful setting with urban convenience.

Lake Macquarie suburb is the top five most attractive place for capital-city people and has claimed the number 3 position on NSW's top 10 boom suburbs.

- Existing 4-bedroom home that offers long-term tenancy with $730 per week rent.

- The generously sized block allows for many lifestyle options and development opportunities (STCA)

- There will be 7,000 new housing demand in the area and new planning proposal for a smaller lot size (from 450sqm to 250sqm).
-Under the proposal, townhouse and apartment would be allowed in R2 residential zone.

- Situated in a highly sought-after location, 7min drive to Speers Point, 11min to the Freeway, 18min to Charlestown, 33min to Newcastle or 22m John Hunter Hospital. Only 1hr easy drive to Hornsby.

This is a once in a lifetime opportunity to purchase this contemporary, spacious home on an acreage with the convenience and proximity of an urban, lakeside lifestyle.

Development Potential:

• Land size: 11,000sqm.
• Minimum: 14 Lots Land Subdivision
• Zoning: R2 Residential

According to local agents at the time of DA submission in 2022, gross revenue is expected to be appx.$7.5mil (land-sub) and $17.2mil (house & land). A DA was submitted but was withdrawn when a contract of sale was terminated by the seller.

Priced at $5M with the seller accepting $3.5M cash plus $1.5M Contracoin (30%)