Hunter Valley Site Approved for Retirement Villas for Sale
A substantial site with development approval for retirement villas at Nulkaba near Cessnock in the Hunter Valley region is being offered for sale by Ray White Commercial NSW.
The approximately 80,816 sqm property at 6 Wine Country Drive and 16 Dover Street, Nulkaba, is being marketed via Expressions of Interest by Scott Timbrell and Nic George of Ray White Commercial NSW.
Scott Timbrell said the site has a DA in place for 178 individual retirement villas, a community centre and recreation areas.
“There is a huge community demand for retirement living in the Hunter Valley wine region, which is approximately two hours’ drive from Sydney and 30 minutes from Newcastle,” he said.
“The site is located close to an aged care centre while the area is home to four world class golf courses.”
Nic George said physical commencement is in place for the site and the owner has ensured there will be cost savings for future development.
“The DA approval for the site consists of 178 independent dwellings as well as a 920 sqm single story community centre,” he said.
“The dwellings comprise of 73 x one bedroom villas, 71 x two bedroom villas and 34 x three bedroom villas.”
Expressions of Interest close at 3pm (AEST) on Thursday, June 16, 2016.