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Ultimate Riverside Opportunity

Magnificent opportunity for owner occupiers, developers and investors.
Tea Gardens is an established coastal and residential locality, with a special reputation as a haven for simple lifestyle in spectacular surroundings. Located opposite the Myall River Foreshore, this property offers the new owners opportunity to invest or redevelop.
Terrific riverside home 800 square metres with 3(a) Commercial/Residential Zoning.
Unusual development opportunity with a northly aspect.
Tourism is rapidly becoming the growth industry throughout Port Stephens which is now recognized as the most popular destination within NSW. The Tea Gardens waterfront receives 90% of all visitors to the north shore of Port Stephens. Besides cars and buses (being only 7 kms off the Pacific Highway) regular ferry services carry up to 400 passengers a day from Nelson Bay to Tea Gardens and return.
Commercial space is in continued demand on Marine Drive, Tea Gardens. An example of demand is shown in a three shop development at 83 Marine Drive - 7 applications were received. Rents range from $275 to $345 per sqm per year. All shops have now been leased.
75 marine Drive is some 200 metres from 83 Marine Drive and would attract the same interest from both commercial and residential occupiers. The site is 20.12 metres wide and up to 40 metres deep with a total area of approximately 800 sqm. Great Lakes Council zoning is Commercial 3(a). LEP 1996 identifies a mixture of commercial and residential usages in a maximum of three storeys. No setbacks are required and car parking can be underground. Sewerage is located at the rear of the property.
Currently a three bedroom cottage is located on the property, plus garage and detached studio. With unprecedented Myall River views facing north east the site is considered to be one of the most important commercial / residential positions on the Myall River.

"We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations…"

75 Marine Drive, Tea Gardens, NSW, 2324

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