Rare High Exposure Development Opportunity**UPDATE. Due to the current state wide COVID lockdown, the new auction date is Saturday 25th September, 12 Noon in rooms at Dougherty Property, 15 Prince Street Grafton.**
Situated only 3.5km's from Grafton's CBD, this 5.96 hectare property could be the blue chip development site that you have been waiting for.
In a prime location, positioned for future growth in our northern rivers town, with Brewery Light Industrial Estate on one side and Jacaranda Grove, a popular over 50's lifestyle community on the other, this land is currently zoned RU1 Primary Production, demonstrating the ideal blank canvas in a growing community.
This is one of those rare opportunities to secure a prime piece of land so close to town, with endless possibilities. Add to your property portfolio, landbank in your SMSF, or explore re-zoning and further development opportunities (STCA), the choice is yours.
Build your dream home or renovate the existing substantial large brick and tile home, boasting five bedrooms plus study/office, three bathrooms, two spacious living rooms, double lock up garage, a very functional original kitchen including walk-in pantry, plus three generous outdoor patio areas and a separate brick and tile studio just a short distance from the main dwelling. The home is currently tenanted, returning $550pw, and has endless potential to put your own homely touches.
The property reflects tremendous value, whether you call it home, make it an investment or explore the future opportunities of this undeveloped land. Almost 15 acres on the fringe of the city between two different but highly valuable assets of alternative usage.
Take this property down the correct pathway and you could set yourself up financially for generations.
Auction Date: Saturday 25th September 2021
Auction Time: 12 noon
Venue: Dougherty Property, 15 Prince Street Grafton NSW 2460
Contact Tyler Marsh on 0487 422 229 to declare your interest.
Disclaimer: Whilst all information as described is from sources we believe to be reliable and accurate, we cannot guarantee its accuracy. Interested parties are strongly advised to carry out their own due diligence and make independent enquiries with Clarence Valley Council regarding any prospective development aspirations.