784 Pacific HighwayMarks Point NSW 2280
Property Details for 784 Pacific Hwy, Marks Point
784 Pacific Hwy, Marks Point is a 0 bedroom, 0 bathroom House. The property has a land size of 3089m2 and floor size of 3070m2. While the property is not currently for sale or for rent, it was last sold in October 2023.
Last Listing description (May 2019)
Palms Lodge comprises a 16 unit motel with live in caretaker quarters, a 13 metre in ground pool, large barbecue area and parking for motor homes, boats and caravans. All rooms have been totally renovated and the motel re-opens to the public mid November. Palms Lodge provides the perfect opportunity for the owner/operator to live comfortably on site and maange the totally renovated motel whilst enjoying a great lifestyle in Lake Macquarie.
The subject property is located on the western side of the Pacific Highway, Marks Point. Situated just minutes from Lake Macquarie, the beach, shops and golf course, this is the ideal location.
The site is zoned Medium Density R3; a Development Application for 15 townhouses can be submitted to provide the purchaser with a ready-made option to redevelop the property (STCA).
Property History for 784 Pacific Hwy, Marks Point, NSW 2280
- 31 Oct 2023Sold for $2,100,000
- 23 Oct 2019Listed for Sale $2,500,000 Neg.
- 28 Apr 2016Listed for Sale $2,500,000
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About Marks Point 2280
The size of Marks Point is approximately 1.5 square kilometres. It has 6 parks covering nearly 18.8% of total area. The population of Marks Point in 2011 was 1,731 people. By 2016 the population was 1,814 showing a population growth of 4.8% in the area during that time. The predominant age group in Marks Point is 60-69 years. Households in Marks Point are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Marks Point work in a professional occupation. In 2011, 53% of the homes in Marks Point were owner-occupied compared with 55% in 2016.
Marks Point has 1,006 properties. Over the last 5 years, Houses in Marks Point have seen a 66.23% increase in median value, while Units have seen a 57.68% increase. As at 31 October 2024:
- The median value for Houses in Marks Point is $994,076 while the median value for Units is $606,478.
- Houses have a median rent of $550 while Units have a median rent of $500.
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