Residential Development property only 5km to Lismore CBD and close to various supermarkets, health and medical facilities.
Zoned R1 General Residential the property consists of 39.52ha (97.66ac) and features approximately 70% virtually level land for development. Potential lot yields of between 175-200 residential lots including medium density sites (subject to council DA approval).
Potential for over 55’s residential development would also have possibilities, also subject to council DA approval.
Other desirable benefits of the property include long creek frontage with a beautiful waterfall and swimming hole, clear rural outlook and adjoins other rural holdings.
Improvements include a substantial five bedroom executive residence built over three levels including semi-formal living areas, three bathrooms, high ceilings and open fireplace. Living areas flow to open verandahs and outside entertaining areas.
The property is ideally suited to a staged development and has good access from existing Invercauld Road and adjoining development. For further details, contact listing agent Chris Hayward.