Various Lots Fullerton Cove,
Fullerton Cove, NSW 2318

EXPRESSIONS OF INTEREST CLOSING THURSDAY 11 DECEMBER 2014

The Property provides an unique opportunity to purchase a site with state government approval for sand extraction, operating as a sand quarry. The Property also benefits from residential development potential on completion of mining activities.

The property is located within the Port Stephens Local Government Area between Newcastle and Nelson Bay.

The salient features include:

-Total site area 26.07 hectares (approx.)
-Seven adjoining separate Titles/lots zoned RU2 under the Port Stephens LEP
-DA approved to June 2016 for sand extraction and operation as a sand quarry
-Located in close proximity of Newcastle (23 km approx.), Tomago (17 km approx.) and Kooragang Island (10 km approx.), where demand for fill is prevalent
-Currently consists of 7 separate adjoining lots, previously approved for residential development
-Located within an expanding rural/residential locality
-Operate the quarry whilst planning approvals are considered for a higher density residential outcome

The Property has a strong underlying land value which will be realised upon completion of the sand extraction/quarry operations. The purchaser has an opportunity to "value add" by undertaking planning approvals whilst the quarry operations continue.

Inspections are strictly by appointment only and can be arranged by contacting the exclusive sales agents listed below.

Receivers and Managers Appointed