FOR SALE
$1,500,000 - $1,625,000

1 Carrington Street
Wauchope NSW 2446

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 7432m2
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Rare Opportunity, 7,430sqm (approx.), 60.9mtr (approx.) frontage

This is a very rare and excellent opportunity that is being sold for the very first time in approximately 25 years.
Located on the east side of the railway line in Wauchope with high exposure facing Carrington St (also known as the Oxley Highway) is the iconic and strategic location of 1 Carrington St.
It is zoned as General Residential (R1) which allows a number of opportunities like attached dwellings (villas and townhouses), child care facilities, boarding houses, senior housing, etc
The land is reasonably flat, rectangular in shape, fully fenced, 7,430sqm (approx.) and with a 60.9mtr (approx.) frontage.
On the site are three industrial buildings that are inclusive of showroom, offices, warehouse and open shedding. GLA of 1,471sqm approx.
This site was being utilised as Mitre 10 until very recently and is now vacant. We understand these existing use rights still apply for a limited time. This prime property was recently used for commercial purposes, but it is zoned General Residential (R1). However, we encourage all interested parties to carry out their due diligence.
A buyer's 'information pack' is available which includes contract, sales data, brochure and submission form. To receive this please make contact with the Listing Agent.
We strongly encourage all interested parties to communicate with Port Macquarie Hastings Council to identify the opportunities this property offers.
The property is being sold via 'Expressions of Interest'. All submissions/offers must be made to the agent on the available 'submission form' that can be obtained from the Listing Agents. All submissions/offers must be submitted by 4th October 2024 at 4.00pm to the Listing Agents. All submissions will then be forwarded to the executors for their consideration – the strong intention is to sell 1 Carrington St.
Note: GST is applicable
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Property Details for 1 Carrington St, Wauchope

Building Type
Land
Land Size
7432m2

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About Wauchope 2446

The size of Wauchope is approximately 17.8 square kilometres. It has 22 parks covering nearly 19.7% of total area. The population of Wauchope in 2011 was 5,952 people. By 2016 the population was 6,295 showing a population growth of 5.8% in the area during that time. The predominant age group in Wauchope is 0-9 years. Households in Wauchope are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Wauchope work in a trades occupation. In 2011, 64.2% of the homes in Wauchope were owner-occupied compared with 63.5% in 2016.

Wauchope has 3,803 properties. Over the last 5 years, Houses in Wauchope have seen a 50.75% increase in median value, while Units have seen a 39.03% increase. As at 30 September 2024:

  • The median value for Houses in Wauchope is $615,624 while the median value for Units is $481,087.
  • Houses have a median rent of $540 while Units have a median rent of $430.
There are currently 29 properties listed for sale, and 22 properties listed for rent in Wauchope on OnTheHouse. According to CoreLogic's data, 169 properties were sold in the past 12 months in Wauchope.

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David Plews
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Logan Taffe
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Elders Real Estate Port Macquarie
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