Case Studies

Wine Country Drive and 16 Dover Street, Nulkaba, NSW

This exciting DA approved retirement living site at Nulkaba has been sold via Expression of Interest by Ray White Commercial NSW for $4.85 million. The DA consists of 178 independent living villas and associated facilities. The plan consists of a variety of one, two and three bedroom villas and a single storey community centre. This property located at the gateway to the Hunter Valley area. It is a highly attractive retirement village proposition with very limited competition in the area and the added benefit of being one of a kind for the area. Only 1hr 15mins drive direct from Wahroonga Sydney with the new connection of the Hunter Expressway.

We outline below key additional development highlights:
• Site area: 80,816m2*
• Approved for 178 retirement villas and recreational area
• Two* hours drive to Sydney
• Large cost savings in place
• Physical commencement approval
• Huge community demand for retirement living

Sales Analysis*
Sale Price:$4,850,000*
Land Area:80,816m²*
Zoning:R2 Low Density Residential
Price per developable unit:$27,247*
Rate per land m²:$60*
Raw or Subject to DA:Approved
Sales Process
Sale Date:July 2016
Sale Type:Expression of Interest
Up to Date

Latest Case Studies