4 Clarence Street Port Macquarie NSW 2444

Hotel, Motel, Pub & Leisure
1,783 m²
Sold

Exciting approved development with existing income

1783sqm corner block
DA for 48 luxurious apartments
22/23 Gross return $382,579

Outstanding opportunity: On a 1783sqm corner block, just paces from Port Central, Town Green and harbour foreshores, this parcel of ten income-producing dwellings has DA approval for development of 48 luxurious water-view apartments, over eight levels.

- Exciting development opportunity, in the heart of Port CBD
- Approved for 48 luxurious apartments plus swimming pool
- Steps from shops, cafés, restaurants; prime central location
- Easy stroll to Town Green or cosmopolitan Town Beach
- Ten apartments enjoy high occupancy, 22/23 Gross return $382,579
- Landmark building, in heart of Port Macquarie's vibrant CBD
- Strong reliable income, until ready to commence construction
- Figures, plans and approvals, available for buyer/developer
- Opportunity to shape future of Port Macquarie's town centre
- Interested investors/developers please contact McGrath today
- Current DA approval in place

EXPRESSION OF INTEREST

Closing date and time	15/12/2023 17:00
Recipient name	Ask Agent
Delivery address	Ask Agent

Property Highlights

Date Sold	30 Jan 2024
Floor Area	Ask Agent
Land Area	1,783 m²
Parking	9 x Onsite parkings
Building Type	Whole building
Property ID	2018887449
Category	Hotel, Motel, Pub & Leisure Development / Land
Last updated	30 Jan 2024

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Property Highlights

Date Sold	30 Jan 2024
Floor Area	Ask Agent
Land Area	1,783 m²
Parking	9 x Onsite parkings
Building Type	Whole building
Property ID	2018887449
Category	Hotel, Motel, Pub & Leisure Development / Land
Last updated	30 Jan 2024