Cessnock, NSW

$1,800,000

www.sitesforsale.com.au

Hunter Valley vineyards

Address: 17 Ash St, Cessnock 2257
Price:  $1,800,000
Status:   Raw
Area:  70,000 sm
Possible Development:      Land subdivision or aged care facility.

This 70,000 sm site could be subdivided into 116 residential lots or developed into a 220 unit aged care facility subject to council approval.  Zoning is currently Rural 1a but neighbouring properties have recently been rezoned Residential 2a.  Council has indicated that it would look favourably on a rezoning to support aged care units.  

The site is well located approximately one kilometre from the centre of Cessnock.

Cessnock, population 45,204, is 157 kilometres north of Sydney.  It is the regional capital of the lower Hunter Valley and is surrounded by lush wine country.  Cessnock has 9 parks, 4 schools and 4 childcare centres.  64% of homes are owner occupied.

House prices grew by 5.3% in 2006, remained stable in 2007 and grew by 5% in 2008.

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