393-409 John Oxley Drive, Port Macquarie, NSW 2444

* Mortgagee Exercising Power of Sale

* A highly sought-after pocket of land approved for residential subdivision - along the rapidly growing Mid North Coast

* Two land titles being offering - combined area just under 60,000 sqm approx - 6 hectares

* Surrounded by rapidly expanding residential subdivision and commercial precincts including chemist, supermarket, gym, medical, cafes, plus major school close by ( St Joseph's Regional College within 1km), 24 hr highway service centre and fast food around the corner and under 10kms from the CBD of Port Macquarie - this opportunity ticks many boxes to ensure success

* The property benefits (when combined with 381 John Oxley Drive) from a current development approval for a 55 residential lots over 4 stages with designed lot sizes ranging from 482 sqm to a one off larger site of 18,227 sqm - the aggregate size is - 650 sqm approx

* Buyers may consider an amended DA to resize the lots and improve site yield - create more lots to meet the affordable housing pressures (STCA) and increased financial returns

* This property is being sold via Expression of Interest. Please note the Vendor reserves the right to enter into sale contract at any time.

* 381 John Oxley drive, which benefits from the DA, is also for sale as a separate listing (non-related vendor)

* Local dwelling values in the Port Macquarieâ€'Hastings area have risen strongly over the past few years (over 50 % since 2019), though the pace of growth has moderated more recently. Good growth is still predicted and widely accepted across many market observers to be between 3-7% PA, based on the to continued demand for lifestyle/regional living, great Infrastructure and amenity developments, strong rental growth and low vacancy which support investor demand. Regional hubs like Port Macquarie has remain resilient.

* For particulars of contract, DA approval plans and approval condition's, or inspections, call the listing agents.

* Raine & Horne - Luke Horton 0417 406 414

"Quayside Building" 136 William Street Port Macquarie

Ph 02 6584 0544