DA APPROVED - COASTAL DEVELOPMENT SITE (NO BASEMENT)

Ray White Commercial (SC) in conjunction with Ray White The Knaggs Group is pleased to present to market this outstanding opportunity to acquire and develop a slice of coastal living in one of Port Stephens' most coveted locations. The property, located at 14 Market Street, Fingal Bay, will be offered for sale via Auction on Tuesday, 11 June 2024, unless sold prior.

The asset has a DA approval for the construction of shop-top housing, including 3 generous apartments and ground floor retail with ongrade parking. Benefiting from an approved GFA of 542 sqm*, the asset also provides a stable income stream from the existing improvements on site.

Fingal Bay, nestled to the east of Port Stephens, is a premier holiday destination, renowned for its pristine beaches and relaxed coastal lifestyle. The property's location benefits from elevated water views, just 200m* from Fingal Beach and a short distance from Nelson Bay Beach.

Additional highlights of the asset include:

• DA approved for 3 residential units and ground floor commercial
• Site area of 332 sqm*
• Approved GFA of 542 sqm*
• 2 x substantial 2 bedroom units plus full floor penthouse offering views over Fingal Bay
• Ongrade parking; minimal excavation required
• Generous holding income provided by long term tenants
• 3 street frontage
• Elevated water views
• 200m* to Fingal Beach
• 5.8km* to Nelson Bay Beach
• 40km* to Newcastle Airport
* Agent declares interest

14 Market Street, Fingal Bay is offered for sale via Auction on Tuesday, 11 June 2024 at 10:30am (AEST). The Auction will be held at AuctionWORKS, 50 Margaret Street, Sydney NSW 2000.

For further information, please contact the exclusive selling agents below.

* Approximately

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