This is not a mistake. This property is a vacant parcel of land located on the fringe of Cessnock’s Central Business District in the Hunter Valley. Described as Lot 3 in DP574111, it is approximately 1,175m2 in size, is composed predominantly of natural watercourse and is zoned RE1 Public Recreation.
The development potential of the property (if any) is limited due to the natural attributes of the block, the zoning and all other relevant development controls. All uses of the land would require the consent of Cessnock City Council and under the current zoning consent may only be granted for caravan parks, child care centres, community facilities, environmental facilities, environmental protection works, heliports, kiosks, recreation areas, recreation facilities (indoor, major and outdoor), respite day care centres and roads. Other relevant development controls include but are not limited to those relating to mine subsidence, flood affectation, bushfire and environmental preservation.
Any other use of the property would require the zoning to be changed by Cessnock City Council which may or may not be possible. To discuss the possibility of changing the zoning, please contact the planning desk at Cessnock City Council directly on (02) 4993 4100.
The opportunity to acquire real property at such a low price is exceptionally rare. It may be a chance to buy your first piece of real estate, it may be a cheap gift for children or grandchildren, it may be an investment for your self-managed superannuation fund or it may be a place to park a small amount of cash in a climate of low interest rates.
The property will be sold.
PLEASE BE CLEAR, A RESIDENTIAL DWELLING (HOME) CANNOT BE BUILT ON THIS PROPERTY AND IN OUR OPINION THERE IS NO PROSPECT OF THIS CHANGING.
AUCTION IN ROOMS AT 5:30PM
THURSDAY, 15TH OCTOBER 2015 (if not sold prior)