Two blocks of land with approved DA for two dwellings

Currently built across two lots of land sits a one bedroom cottage with separate studio. This property has obtained recent development application approval to construct two, four bedroom residences across Lots 3 and 4. These high-end residences will capture uninterrupted panoramic water views across Lake Macquarie.<br/>- One bedroom cottage and studio currently situated across 607sqm<br/>- Potential for multiple two storey homes with 180 degree lake views<br/>- Stamped plans and DA approvals for both Lot 3 and Lot 4<br/>- Potential to buy Lot 3 and Lot 4 separately<br/>- Direct north facing aspect, cul-de-sac location<br/>- Positioned on the high side of the street across level land<br/>- Current rental return is $400-$440 per week<br/>- Five minute drive to Wyee Point Marina, cafés and Shops<br/>- 10 minutes to the M1 motorway and Wyee Train Station<br/>- 55 minutes to Wahroonga, 50 minutes to Newcastle<br/><br/>KEY DETAILS:<br/>Council Rates $1,810pa<br/>Water Rates $729pa