10/12 Gore StreetPort Macquarie NSW 2444
Property Details for 10/12 Gore St, Port Macquarie
10/12 Gore St, Port Macquarie is a 9 bedroom, 3 bathroom House. The property has a land size of 1524m2.
Last Listing description (April 2024)
Introducing an exceptional investment opportunity in the heart of town three adjacent blocks with a with a combined lot size of approximately 1524 square meters and approximately 81m of street frontage, this property is poised for lucrative development.
Surrounded by high-quality apartments and nestled in a sought-after location, these blocks offer the perfect canvas for your next project.
These three blocks couldn't be better situated. Offering the perfect blend of convenience and lifestyle, they provide residents with a level 5-minute walk to the Central Business District, waterside cafes, fine dining restaurants, the Marina foreshore, and various social clubs. Whether it's work, leisure, or dining, everything is right at your doorstep.
The R4 high-density residential zoning with a 19-meter height limit and a generous floor-to-space ratio of 2:1 opens the door to a myriad of development possibilities (STCA).
Imagine creating a modern residential complex, taking full advantage of this prime location. With high-quality apartments in the vicinity, there's an established market demand for sophisticated urban living in this area.
The property currently consists of three 3-bedroom cottages, each of which are currently tenanted. This presents an immediate income stream while you plan your development. You can continue to generate rental income while you secure the necessary approvals and permits for your project.
In an ever-growing real estate market, securing a well-located property with substantial development potential is a smart investment. The strong demand for high-quality residences in the area makes this opportunity even more compelling. You'll have the chance to shape the future of this community while enjoying the rewards of a sound investment.
Secure your future in this thriving community by contacting us today for more information. Act now to make this prime development opportunity your own.
- Three adjacent blocks in town
- R4 high-density residential zoning
- 19-meter height limit
- Corner position with approximately 81m frontage
- Combined lot size of 1524 square meters
- 2:1 floor-to-space ratio
- Surrounded by high-quality apartments
Property details:
Council rates
8 Gore Street - $3,250 p/a approx
10 Gore Street - $3,250 p/a approx
12 Gore Street - $3,270 p/a approx
Current Rental Pricing:
8 Gore Street - $400 per week
10 Gore Street - $420 per week
12 Gore Street - $400 per week
The information contained in the advertising of this property is based on information provided to the agents, and the vendor and agents expressly disclaim any liability arising therefrom. The accuracy of the information cannot be guaranteed, and prospective purchasers should make their own enquiries and form their own judgement as to these matters.
Property History for 10/12 Gore St, Port Macquarie, NSW 2444
- 31 Oct 2023Listed for Sale UNDER CONTRACT
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0About Port Macquarie 2444
The size of Port Macquarie is approximately 54.2 square kilometres. It has 61 parks covering nearly 17.2% of total area. The population of Port Macquarie in 2011 was 41,491 people. By 2016 the population was 44,857 showing a population growth of 8.1% in the area during that time. The predominant age group in Port Macquarie is 60-69 years. Households in Port Macquarie are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Port Macquarie work in a professional occupation. In 2011, 64.9% of the homes in Port Macquarie were owner-occupied compared with 64% in 2016.
Port Macquarie has 28,753 properties. Over the last 5 years, Houses in Port Macquarie have seen a 55.13% increase in median value, while Units have seen a 52.80% increase. As at 31 August 2024:
- The median value for Houses in Port Macquarie is $880,215 while the median value for Units is $587,617.
- Houses have a median rent of $620 while Units have a median rent of $475.
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