When calling, please use enquiry code 216938

Here is a great chance to secure a well-located development site in Morisset’s R3 Medium Density zone, within the NSW Government’s Low and Mid-Rise (LMR) Housing Area, about 600 m walk from Morisset train station and close to Morisset Square, Woolworths and the town centre. At 978.9 m² on its own Torrens title, with a wide 20 m frontage, it gives you different choices of development options, subject to Council approval. A bonus is the triple garage at the front of the land, with the driveway and street crossing already in place. Triple garage is currently renting at $650 per month

Why this site suits development
• R3 Medium Density Residential zoning with 978.9 m² Torrens title site (Lot 1 in DP 1309074)
• Within the Low and Mid-Rise (LMR) Housing Area
• 20 m frontage to Dora Street, about 54 m deep on the eastern side
• Premium Location – About 600 m walk to Morisset train station, close to shops and schools
• Rear boundary of about 20.9 m to Jensen Lane, currently an unformed grassed lane
• Detail and level survey available
• Option to buy with neighbouring 39 Dora Street, creating a combined site of about 2,108 m²

Development options to consider for 37 Dora St
Subject to Council approval and your own advice:
• Multi dwelling housing, such as townhouses or villas
• Small lot housing, under the small lot provisions of Lake Macquarie LEP 2014
• Two freestanding, Torrens-titled homes arranged front and rear, offering the flexibility to live in one and rent out or sell the other.
• A large new family home for an owner builder

What is LMR?
A NSW Government policy encouraging more housing within an 800 m walk of stations such as Morisset. On R3 land, it may allow apartment buildings of up to 4 storeys, terraces, townhouses and dual occupancy.

Larger Development Opportunity: Purchase together with 39 Dora Street
Rare opportunity: combine 37 Dora Street with neighbouring 39 Dora Street to create a development site of about 2,108 m² with about 40.8 m of frontage in the Indicative LMR Housing Area, with potential for a larger apartment building, or more terraces or townhouses, subject to Council approval. 39 Dora St is currently earns a great rental income of $5,561 per month. 37 Dora Street is offered at $950,000. If you’re interested in securing both 37 and 39 Dora Street, please contact us to discuss.

Location
Morisset is a growing town on the western side of Lake Macquarie, with shops, schools and services close by. Easy rail and freeway access links it to Newcastle, the Central Coast and Sydney, and it is less than an hour north of Hornsby by freeway.

When calling, please use enquiry code 216938