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Prime Development Opportunity in Kew, NSW.
$590,000 - $649,000
141 Nancy Bird Walton Drive, Kew
2
1
2
Profile
Unlock the Potential of a Prominent Development Opportunity in Kew NSW. Positioned in the heart of Kew, this exceptional 790.9 sqm site offers outstanding potential within the sought-after B4 Mixed Use zone-ideal for a blend of commercial and residential development.
Zoning Overview:
The B4 Mixed Use zoning encourages a combination of compatible land uses within a single development. Typically, this includes retail or commercial spaces on the ground and first floors, with residential above. (Port Macquarie-Hastings Council Development Control Plan, p.28). The property is currently leased as a residential premises through a managing agent.
Price guide $590,000 - $649,000
Rental return approximately $425 per week.
Council rates approximately $2,700 per annum.
Property Highlights:
• Rare Offering: One of only five undeveloped B4-zoned parcels in Kew.
• Prime Location: Situated on a main street, the property enjoys high visibility and easy access in a growing regional town.
• Sizeable Landholding: A generous 790.9 sqm near level allotment, offering flexibility for diverse development outcomes.
• Existing Dwelling: very neat two-bedroom, one-bathroom home and a double garage-suitable for adaptive reuse or redevelopment.
• Currently tenanted at $425 per week rent, with lease ending 31st October 2025.
Development Potential:
• B4 zoning supports a wide array of commercial uses, with residential options above.
• A previous feasibility report outlines three potential development concepts, including up to 250-300 sqm of ground-floor retail space and upstairs residential accommodation, compliant with council parking requirements.
Investment Appeal:
• Growing Market: Kew's continued expansion drives demand for retail and mixed-use spaces - large new housing development in Kew underway at present.
• Flexible Options: The site's versatility makes it an appealing prospect for both investors and developers.
Don't miss this rare opportunity to secure a prominent mixed-use site in the heart of Kew. With strong fundamentals and a prime location, this property is the ideal canvas for your next development.
For further information on this potential filled site contact Geoff on 0447 020 742.
DISCLAIMER: The information contained in the advertising of this property is not based on any independent enquiries or knowledge of 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.
Zoning Overview:
The B4 Mixed Use zoning encourages a combination of compatible land uses within a single development. Typically, this includes retail or commercial spaces on the ground and first floors, with residential above. (Port Macquarie-Hastings Council Development Control Plan, p.28). The property is currently leased as a residential premises through a managing agent.
Price guide $590,000 - $649,000
Rental return approximately $425 per week.
Council rates approximately $2,700 per annum.
Property Highlights:
• Rare Offering: One of only five undeveloped B4-zoned parcels in Kew.
• Prime Location: Situated on a main street, the property enjoys high visibility and easy access in a growing regional town.
• Sizeable Landholding: A generous 790.9 sqm near level allotment, offering flexibility for diverse development outcomes.
• Existing Dwelling: very neat two-bedroom, one-bathroom home and a double garage-suitable for adaptive reuse or redevelopment.
• Currently tenanted at $425 per week rent, with lease ending 31st October 2025.
Development Potential:
• B4 zoning supports a wide array of commercial uses, with residential options above.
• A previous feasibility report outlines three potential development concepts, including up to 250-300 sqm of ground-floor retail space and upstairs residential accommodation, compliant with council parking requirements.
Investment Appeal:
• Growing Market: Kew's continued expansion drives demand for retail and mixed-use spaces - large new housing development in Kew underway at present.
• Flexible Options: The site's versatility makes it an appealing prospect for both investors and developers.
Don't miss this rare opportunity to secure a prominent mixed-use site in the heart of Kew. With strong fundamentals and a prime location, this property is the ideal canvas for your next development.
For further information on this potential filled site contact Geoff on 0447 020 742.
DISCLAIMER: The information contained in the advertising of this property is not based on any independent enquiries or knowledge of 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.
Features
2
Bedrooms
1
Bathrooms
2
Garage
790.9 sqm approx.
Land Size
$425 Weekly Actual
Rental Return
$2,700 Annually
Rates
Air Conditioning
Split System
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