FOR SALE
TENDER CLOSES 18/9/2024 @ 4PM

4 Karoburra Street
Pelican NSW 2281

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1340m2
Land area: 4252m2
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Prime Development Opportunity in Highly Sought-After Lakeside Pelican

Seize the chance to invest in a truly unique offering in the coveted lakeside location of Pelican. This expansive corner lot, perfectly situated on Karoburra Street and Lakeview Parade, boasts a substantial 4252m2 of prime real estate. With an impressive 73m frontage on Lakeview Parade and 66m on Karoburra Street, this site offers unparalleled potential for development.
Key Features:
Generous Dimensions: A sprawling 4252m2 lot, ideal for a variety of development opportunities.
Strategic Corner Access: Located at the intersection of Karoburra Street and Lakeview Parade, ensuring high visibility and easy accessibility.
No Flood Zoning: Peace of mind knowing your investment is safe from flood risks.
Current Usage: The site currently houses a repurposed bowling club, leased to a reliable long-term tenant, providing immediate income potential.
Zoning: Zoned RE2 Private Recreation, offering versatile development possibilities.
Flat Terrain: A level block, simplifying construction and development processes.
Proximity to Amenities: Nestled next to a childcare center and sporting fields, enhancing the appeal for future development.
Zoning Details:
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Property Details for 4 Karoburra St, Pelican

Building Type
Commercial
Floor Size
1340m2
Land Size
4252m2

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About Pelican 2281

The size of Pelican is approximately 0.9 square kilometres. It has 4 parks covering nearly 52.9% of total area. The population of Pelican in 2011 was 840 people. By 2016 the population was 889 showing a population growth of 5.8% in the area during that time. The predominant age group in Pelican is 60-69 years. Households in Pelican are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Pelican work in a trades occupation. In 2011, 77.2% of the homes in Pelican were owner-occupied compared with 78.6% in 2016.

Pelican has 403 properties. Over the last 5 years, Houses in Pelican have seen a 76.39% increase in median value, while Units have seen a 47.78% increase. As at 31 August 2024:

  • The median value for Houses in Pelican is $1,070,606 while the median value for Units is $684,318.
  • Houses have a median rent of $540.
There are currently 2 properties listed for sale, and 1 property listed for rent in Pelican on OnTheHouse. According to CoreLogic's data, 11 properties were sold in the past 12 months in Pelican.

Suburb Insights for Pelican 2281

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Ty Zink
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Alyta Brinkworth
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Ray White East Lake Macquarie - Swansea
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.