4 Collaroy Road
New Lambton


EOI Guide $1,000,000

2
2
3

Property Features


Property ID: 3407943

Council Rates
$2992 per year
Water Rates
$2054 per year
Land Size
1012.00 m2

Airconditioning

A Hugely Versatile Development Option with Dual Access


A sensational lifestyle location surrounded by shops, parks and a lively food scene are paired with a huge landsize of approx 1,012 sqm to make this an outstanding opportunity for developers searching for their next project site. Boasting a solid home at the front of the block, you could keep with home and develop the rear, or knock down the home and three rear dwellings for a substantial multi-occupancy development. Currently receiving a strong rental return to keep you going while plans are being approved, some of the many the highlights of this site are rear lane access, level land with good access and an esteemed village address with walk to everywhere appeal.

* Golden opportunity - a large rear block ripe for development.
* Keep the 3 bedroom, 2 bathroom home and develop the rear (STCA).
* Knock down the home and rear dwellings for multi occupancy (STCA).
* The home is solid 2 storey and holds scope to modernise over time.
* Multiple living zones, 3 bedrooms and 2 bathrooms.
* Double garage, loads of storage, elevated balcony for alfresco dining.
* Top class location in the heart of New Lambton with rear access.
* Currently returning $610 per week - keep earning while plans are approved.
* Approx 300m stroll to the village heart, approx 700m to Wests New Lambton.
* Zoned for sought after New Lambton Public and Lambton High Schools.

Council Rates: $2,992 PA approx
Water Rates: $2,054 + Usage PA approx
Rental Potential: Existing tenancies $610 PW + Main Residence $550 PW appprox

** Expressions of Interest will end at 5pm on Wednesday 22nd July, 2020 **