7 Nicholson Road Woonona, NSW 2517

PRIME R3 MEDIUM DENSITY OPPORTUNITY | DEVELOPMENT POTENTIAL

An outstanding opportunity to secure a well-positioned residential property offering the perfect combination of comfortable family living and significant future development potential. Approximate rental return $700 - $750/week.

Situated within an R3 Medium Density Residential zone, this property presents an exciting opportunity for astute buyers, developers, builders and investors looking to capitalise on the growing demand for medium-density housing.

The existing home provides a solid residential offering, while the property's zoning and underlying land present potential for a range of future development concepts, subject to Council approval and relevant planning requirements.

Development Potential

The R3 zoning may provide scope to investigate options including:

• Townhouse development
• Duplex / dual-occupancy development
• Medium-density residential development
• Potential combined commercial & apartment development, subject to applicable planning controls
• Alternatively, retain the existing home as an investment or family residence

With the right vision, this property could provide the foundations for an exciting development project in a highly sought-after residential market.

Key Highlights

• R3 Medium Density Residential zoning
• Existing residential home
• Development potential - STCA
• Opportunity for developers, builders and investors
• Multiple potential development outcomes including commercial and apartments
• Strong long-term investment appeal
• Secure the land now and explore its future potential

Whether you're looking for a family home, investment property or your next development project, this is an opportunity worth serious consideration.

Opportunities of this nature are tightly held and rarely come to market.

Inspect the property and unlock the potential for yourself.

***NOTE - Development potential is subject to Council approval, applicable planning controls, site constraints, development standards and all relevant statutory requirements. Prospective purchasers should make their own enquiries with the relevant local authority and obtain independent professional advice regarding any proposed development.