3 Ormond Street NORTH GOSFORD NSW 2250
$700,000

DESCRIPTION

Zoned R1 (city centre) and measuring 752.5sqm this site presents an ideal development opportunity.

Comprising an older style dwelling which is split into two tenancies, the upstairs is currently vacant with the lower floor leased at $240 per week.

The adjoining parcel of land is the same size and is also available for sale, and combining these blocks increases the density, allowing for 30 units to be constructed, subject to Council approval.

Gosford is currently enjoying an increase in popularity as a desirable place to live, and this is reflected in both residential and commercial developments in Gosford CBD and surrounds.