This level 1113sqm block of land in a prime Newport setting, is in one of the most popular suburbs on the Northern Beaches where property is so tightly held. With R3 medium density residential zoning in place, take advantage of the land size and create a brand new apartment complex, block of townhouses (STCA) in this incredibly prized location. Currently consisting of one house that has been divided into 2 flats, this is an exciting and rare opportunity for investors including developers to capitalize. It is no surprise this beachside position is so popular, placed in a relaxed coastal setting it is just steps to Newport village shops, supermarkets, cafes, City transport and Newport Beach with local schools, parks, the newly refurbished Newport Arms Hotel plus Palm Beach only a short drive away. This is truly an irresistible spot, and presents a unique chance to capitalise. The options are exciting and endless!
- Zoned R3 medium density residential
- Level 1113sqm double block with rear northwest facing garden
- Potential to build block of townhouses/apartments
- Current house is divided into 2 flats
- Wonderful lifestyle location placed in the heart of Newport village