FOR SALE
Under Contract

595 Pacific Highway
Kanwal NSW 2259

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 101m2
Land area: 4047m2
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Prime Development Opportunity in High-Growth Area!

Unlock the potential of this exceptional development site, boasting unparalleled exposure and a level landscape, perfectly positioned in a high-growth area with proximity to Wyong Hospital and other essential services, ensuring strong demand for future projects.
Wyong Hospital, which recently benefitted from an NSW Government $200 million redevelopment project significantly enhancing healthcare on the Central Coast in this region and meeting the growing needs of the local community.
Zoned RU6 - Transition, 595 Pacific Highway Kanwal is 4,047m2* with a superbly central location between the Sydney and Newcastle, the property suits a developer searching for a site to add value by way of medical precinct development, retail strip shops with drive thru and car wash options, with all proposed uses subject to council approval.
Key Features:
Premium Exposure: Situated on the Pacific Highway, offering high visibility for future developments.
Level Land: A flat, easily accessible site, minimizing construction costs and maximizing design possibilities.
Prime Location: Nestled in a rapidly expanding residential area with proximity to leading hospitals, schools, shopping centres, and public transport.
Growth and Investment Potential:
Rapid Population Growth: The Central Coast population has surged, forecast to grow to 412,500 people by 2046, with projections indicating continued growth of 0.68% annually.
Infrastructure Upgrades: The area will benefit from a Federal and NSW Government commitment of $200 million to Wyong Hospital upgrades and $420 million in infrastructure enhancements, widening and upgrading the Pacific Highway through the Wyong Town Centre.
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Property Details for 595 Pacific Hwy, Kanwal

Building Type
Commercial
Floor Size
101m2
Land Size
4047m2

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About Kanwal 2259

The size of Kanwal is approximately 2.5 square kilometres. It has 13 parks covering nearly 13.3% of total area. The population of Kanwal in 2011 was 3,873 people. By 2016 the population was 4,084 showing a population growth of 5.4% in the area during that time. The predominant age group in Kanwal is 10-19 years. Households in Kanwal are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kanwal work in a trades occupation. In 2011, 72.5% of the homes in Kanwal were owner-occupied compared with 69.4% in 2016.

Kanwal has 1,646 properties. Over the last 5 years, Houses in Kanwal have seen a 61.32% increase in median value, while Units have seen a 39.65% increase. As at 31 October 2024:

  • The median value for Houses in Kanwal is $729,799 while the median value for Units is $527,007.
  • Houses have a median rent of $550 while Units have a median rent of $365.
There are currently 12 properties listed for sale, and no properties listed for rent in Kanwal on OnTheHouse. According to CoreLogic's data, 58 properties were sold in the past 12 months in Kanwal.

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