Presenting a rare opportunity to purchase ‘Vault Hill’, an approx. 16.95-acre parcel of land with breathtaking views. The corner block location is just a short walk from Picton shopping precinct and has amazing rezoning/development potential and multiple possible uses; such as a motel, over 55s accommodation, residential development or your very own mansion overlooking Picton and surrounds (STCA). The multi-use property offers numerous options and huge opportunity – use your imagination and reap the benefits!
Other features:
· Approx. 6.86 ha
* Please note that all webpage enquiries require a contact number AND an email address. Enquiries that do not have this information will not receive a response.
* Photo identification must be presented to the agent by all parties prior to inspections. All care has been taken in providing accurate information in this advertisement. However, prospective purchasers are to rely on their own enquiries.
The size of Picton is approximately 42.6 square kilometres. It has 18 parks covering nearly 2.5% of total area. The population of Picton in 2011 was 4,594 people. By 2016 the population was 4,804 showing a population growth of 4.6% in the area during that time. The predominant age group in Picton is 40-49 years. Households in Picton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Picton work in a professional occupation. In 2011, 76.7% of the homes in Picton were owner-occupied compared with 77.9% in 2016.
Picton has 2,632 properties. Over the last 5 years, Houses in Picton have seen a 77.01% increase in median value, while Units have seen a 19.51% increase. As at 31 October 2024:
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