$1,180,000

13 Kuranda Crescent, Kotara NSW 2289

Other444

Block size: 659 m² approx.

Block of Units - DA Approved to Strata Title

Located in a quiet family street, this block of units has been DA approved for a four lot strata title subdivision and represents an excellent opportunity for the investor looking to enjoy immediate returns and add value by completing the subdivision that has been approved.

Configured as four, one bedroom units with open plan kitchen, living and bathroom, each unit having its own oversized carport area.

DA Approved to subdivide into four separate strata titled units - with each unit having a dedicated carport space and their own yard space.

Beyond the current approval the property could, with planning, potentially take advantage of the large area available on the lower level to increase the size of the units or even add more value again by creating additional lettable area STLCA.

Current returns

Unit 1: $270
Unit 2: $235
Unit 3: $260
Unit 4: $260

Total Rent: $53,300.00 per annum
Council Rates: $562.28 per quarter

For full information pack please email. Viewing by appointment only.

Inspections

No open inspections scheduled.

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Contact Darren Penn to learn more about this property, request an inspection or take an online tour.

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Key details

Property Type:Other

Lot:118

Plan Type:DP

Plan:30720

Block Size:659 m²^*

^*These are approximate values based on available information.

Darren Penn
Ray White Newcastle Lake Macquarie
Andrew Dinnen
Ray White Newcastle Lake Macquarie

Maps and area information

Block information

Block size: 659m² (approx)

Legal description: 118/30720

Measurements are estimates only and based on data provided under licence from © PSMA Australia 2022.

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A block's planning zone defines how that land can be used and what can be built on it.

A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.

The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.

This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.

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Property history

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Median sales

Median Sale Price For Kotara

$895,000

Average Age

41 years

Population

3,929

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Contact agents

Ray White Newcastle Lake Macquarie

View agency details Darren PennRay White Newcastle Lake Macquarie

Andrew DinnenRay White Newcastle Lake Macquarie

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