This is a very rare opportunity to acquire development land in such an exclusive location. These two adjoins lots have two separate access points and are in close proximity to services.
19 Fletcher Street, Nulkaba boasts a large and character filled country residence which features expansive living spaces, high ceilings, wide verandahs and triple garage. A master built and timeless residence which will be much sought by discerning buyers.
The balance of the land area of 3.4 hectares, has a minimum lot size of both 4000 square metres and 2000 square metres in this zoning for subdivision.
The adjacent 21 Pinchen Street, Nulkaba has a land area of 2.2 hectares and is vacant land. With long frontage to Pinchen Street, which is a quiet country lane, the zoning allows a minimum lot size of 750 square metres. The two sites are well suited to a residential lifestyle subdivision across both, with a mix of 750 m lots to larger lots of up to 4000 metres including the house lot. There would be very strong demand for these lots
Location
Nulkaba is a semi-rural village located just 3km from the Cessnock CBD and 5 km from Pokolbin. Pokolbin is the most visited Wine tourism district in Australia.
Legal description
• 19 Fletcher Street, Nulkaba (Lot 20 in Deposited Plan 1018878)
• 21 Pinchen Street, Nulkaba (Lot 102 in Deposited Plan 1076340)
Land Use Zoning
• 19 Fletcher Street NULKABA – Zoned R5 large lot residential in Cessnock city Councils Local Environmental Plan 2011. Allows for minus lot sizes between 2000 and 4000 square metres
• 21 Pinchen Street, Nulkaba – Zoned RU5 village in Cessnock city Councils Local Environmental Plan 2011. Allows for minimum lot size of 750 square metres
Improvements
A master-built country residence of approximately 30 years of age occupies the northwestern portion of the land. A home with timeless appeal, featuring 4 large bedrooms, numerous formal and informal living spaces, tall ceilings, wide verandah and a triple garage.
St Phillips Christian School and NULKABA Primary school are writhing 1km of the site. Both are extremely well regarded.
School buses access the road within 100m of the site
Market
The strength of the market, particularly for this area cannot be understated. The demand for land, in this area of NULKABA particularly, is the strongest in the Cessnock LGA. This area was the first location to break through the $1 million barrier which is now a regular occurrence. The market is a mix of relocating Sydney based buyers, Central Coast and locals upgrading to second and third homes.
Agents Comments
To say that this is a rare find, truly is an understatement. Land zoned for development, in such a desirable location, is unheard of. To obtain two such sites that adjoin, is rarer still.
A thoughtful subdivision design would incorporate various lot sizes from 750 square meters to 4000 square metres and result in a development of the highest standard. One lot would retain the existing home, which would allow a developer to recoup a substantial amount of their development costs.
A wonderful investment opportunity to develop now or retain with holding income from leasing the home.
For Sale: Expressions of Interest
Closing: 5pm Thursday 16th December 2021 (if not sold prior)
Inspections by private appointment
