Property Showcase: DA Approved Mixed-Use Site in NSW Tourism Hot Spot For Sale


Property Showcase: DA Approved Mixed-Use Site in NSW Tourism Hot Spot For Sale

A 2,012sqm former open air car park, in one of New South Wales premier tourism and lifestyle destinations, has recently been listed for sale. This unique offering is positioned centrally in Nelson Bay and is presented to the public with approved development plans for a 56-unit residential building with three retail suites on the ground floor.

Nelson Bay is the most prominent suburb within the Port Stephens LGA, offering a charming coastal setting and a convivial atmosphere for residents and holiday-makers alike.

The property in question, situated at the corner of Donald & Yacaaba Streets in Nelson Bay, is made available for purchase through the teams at both Knight Frank’s Parramatta and Newcastle offices. Expressions of interest will be received until 4pm Thursday 24 October 2019.

“This unique DA Approved property holds a fantastic address, on the edge of Nelson Bay’s main activity centre. Everything is close by.” Knight Frank’s Grant Bulpett said.

“Beautiful beaches, unique dining options, vibrant shopping precincts and modern commercial and healthcare facilities; a quick look around and it’s pretty easy to understand why so many people are attracted to the area for both work and for play.”

With its gorgeous aesthetic and quaint isolation at the end of a promontory, Nelson Bay is a natural wonderland. The stunning Tomaree National Park flanks its south, while the vast Karuah River feeds the Pacific Ocean to its north; everywhere can be enjoyed on foot. And for those looking for a bit more hustle and bustle, Newcastle’s vibrant CBD is easily reached in around 50 minutes by car.

“The plans are extremely well considered, with quality apartment living in mind. 54 dwellings are spread across eight storeys, with three extra retail and hospitality suites on the ground floor further enhancing the proposition.” Knight Frank’s Ross Cooper noted.

“All of Nelson Bay’s shops, the water’s edge and even the local Golf Club can all be access in under five minutes on foot. Residents and tourists will love having the world at their doorstep.” 
 

Summary:

  • 2,012sqm* combined site area
  • DA approved for a 56-unit residential flat building plus 3 retail suites
  • Regular shaped corner block with dual street frontage to Yacaaba and Donald Streets
  • The site has a slight to moderate gradient, sloping from southeast to north west
  • The site is serviced with water and electricity
  • Zoned B2 Local Centre - Up to 8 storeys

*Please note that all financials, measurements and distances quoted are approximate only.

Cnr Donald & Yacaaba Street, Nelson Bay, NSW, 2315, is offered for sale via Expressions of Interest. Enquire today for more information and submit proposals before the closing date of 4pm Thursday 24 October 2019.

For more information on this opportunity, please contact the Knight Frank teams and mention Development Ready.

Knight Frank - Parramatta
Grant Bulpett: +61 415 558 226
Mark Litwin: +61 415 742 605

Knight Frank - Newcastle
Ross Cooper: +61 423 761 955
Brent Sinclair: +61 407 027 277

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