Conveniently located in the high growth suburb of Morisset with easy access to/from the M1, all whilst set in the thriving City of Lake Macquarie; is this generous property with land size comprising of over 1000sqm.
Offering endless options for future development, with the added benefits of dual street access from Yambo Street and Lindon Lane.
The older 3 bedroom home could be freshened up to offer a reasonable return whilst development approvals are sought. The property is also with a detached shed and easy vehicle access to the entire block.
The ideal position is within a 5-10 minute walk into CBD facilities including retail and office precincts, train station, medical super clinic, banks, restaurants/cafes, local schools and sporting grounds. Also within a 5km radius to the Morisset Industrial Estate & Business Park, proposed Cedar Mill development site (planned concert venue with cafes and restaurants), the M1 Motorway and to the shores of Lake Macquarie on Morisset Peninsula where you can be treated with activities at popular Trinity Point Marina and 8 at Trinity Restaurant.
The MU1 Mixed Use Zone is intended to complement and enhance the activity of the local and regional centres, and to serve as a transition between the centre and surrounding residential zones. The preferred mix of land uses is either business or office premises, retail premises, or food and drink premises at street level, with office premises, shop-top housing or apartments above. Activity in the centre should be supported by development of community, recreational, educational, entertainment, tourist and open space facilities.
More information on development allowed within the MU1 Mixed Use zone can be found at https://www.lakemac.com.au/Development or by contacting Lake Macquarie City Council.
Please contact Natalie on 0424 639 821 for more details.
