The property comprises two contiguous lots providing a land rich development opportunity, benefitting from a high-profile corner location with access from both Stockton and Tomaree Street. The site is improved with a fully leased medical centre, and whilst existing use rights apply the zoning and development controls provide the opportunity for residential development (STCA). The site is located on the eastern side of Stockton Street, in the heart of Nelson Bay. The elevated site is anticipated to offer water views from a multi-storey residential development, with future residents benefiting from the amenity of the existing retail services within the Nelson Bay town centre. Situated to the south of the property and within 100 metres* is the Nelson Bay Bowling and Recreation Club, whilst the Golf Club is 400 metres* to the east of the property. For Sale by Expressions of Interest closing Wednesday 26 March 2025 at 4pm (AEDT). *Approximate.
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