62-64 Magnus Street NELSON BAY NSW 2315

DESCRIPTION

Phone Code for this property is: 8867
(enter code After Hearing Message)
The strata plan is 8600 Fiddlers Green at Nelsons Bay New South Wales.

The hidden gem of the last remaining waterfront reserve strata lot in Nelsons Bay Central short walk to the marina short walk in the Nelsons Bay.

Close by you is the beautiful Shoal Bay and the West RSL club Nelsons Bay approximately 2 1/2 hours drive from Sydney.

Nearby is recently completed a new substantial Woolworths.

There is direct access along the M1 to Raymond Terrace approximately 40 minute drive to Nelsons Bay.

You have direct flights from Williamtown which is probably 40 minutes to go in the major cities of Australia via Sydney or Melbourne.

Expressway works on the M1 Currently Being upgraded which will make the trip more pleasant and shorter.

Strata lot consisting of approximately 203 m² which is vacant land development site that would complete existing strata plan.

Site itself provides 2 alternatives to develop 230 m² regarding strata plan 8600 strata lot 9, Draft plan has been prepared for approximately 8 penthouse apartments. This is subject to council approval.

Strata plan 8600 is a Consisting of 9 strata lots.

Strata lots 1 to 8 consist of 1 to 2 -3 bedroom units that faces reserve waterfront overlooking the marina at Nelsons Bay Central.

Strata lot 9 is the development lot sitting on the vacant land in front of the two story existing building.

In the alternative subject to securing agreement with exist in owners of the strata plan.

The best use of the site is to develop the whole of the site that is approximately 1500 m². The last substantial development site in Nelsons Bay overlooking the marina giving the potential of 35 units to be developed on the whole of the strata plan.

Strata lot 9 The development lot currently holds 24.6% of the total strata plan.

Proposal is to sell strata lot 9, in the alternative vendor would consider equity Interest to develop the entire site or lot 9.