620 Pacific Highway South Kempsey NSW 2440
Sold $950,000
- Property Type Other (Rural)
- Land area approx 25.24ha
- Region Mid North Coast
- Council Rates 1509/year
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BUSH BLOCK OPPORTUNITY OPPOSITE SERVICE CENTRE
This block is predominantly a 'bush block' with a zoning of RU2, has access just off the 'off' ramp if you were heading across to the Service Centre on the opposite side of the highway at South Kempsey. The property is approx. 25.24ha and is slightly undulating.
Given it is predominantly fully treed it is currently not being used for any purpose.
The land where the Service Centre sits has been zoned industrial for many years, so could there be a possibility at some stage in the future for this property to be re-zoned and become a Service Centre on the western side of the highway?? I can't answer that. We have seen what happened further South with the Taree Service Centre. That land had to be re-zoned and yes took some time for approvals to occur but was also rural land. As we stand right now if a potential buyer were looking at this it would be buy and hold.
The property is non income producing BUT as it is well treed there could be considerable value in those trees and a meeting with the local Council may determine what could occur.
This is a rare opportunity to now secure such a holding so close to local amenities and determine what you may wish to do with it in the future.
For further details call Tony on 0429 838800
Rates - $1,509pa
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