Nerong NSW 2423 8832 Pacific Highway
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Sold
Sold Sep 28 6:00 PM
Sold for $220,000
First National Real Estate Newcastle City
Rare 5.4Ha Bush Block with Guaranteed Income
Auction held in rooms at 36 Kemp Street The Junction, and streamed online: https://buy.realtair.com/properties/97047
(Contact agent for registrations instructions)

Just 7 minutes south of Bulahdelah, this 5.4Ha block (13.3 acres) offers a rare chance to own a slice of natural Aussie bushland surrounded by an abundance of tall timbers and wildlife. Located only 5 minutes drive from Nerong village and accessed via Red Peppermint Trail, this back-to-nature property is fully treed and zoned RU2 – Rural Landscape, and is offered as 2 lots of land sold in one line (Lot 140 is 5.37Ha and Lot 141 is 420sqm).

A rock solid investment, Optus has a current 3 x 5 years lease currently returning an income of approx. $13,905 per annum plus annual increases.
The possibilities are endless, consider an off the grid build or commercial operation, however any permissible usage would be subject to Midcoast Council approval and your enquiries to them is recommended.

- 5.4Ha fully treed block zoned RU2 Rural Landscape
- Guaranteed income stream over the next 14 years
- 2 lots of land sold in one line (Lot 140 is 5.37Ha and Lot 141 is 420sqm).
- 55 minutes drive to Newcastle CBD, 1hr45 to Port Macquarie
- 23 minutes to Tea Gardens, 30 minutes to Jimmys Beach, Hawks Nest
- 7 minutes to Bulahdelah, 50 minutes to Newcastle Airport
- 5 minutes to Nerong Village with boat access to Myall Lakes & River System
- Any building or land clearing subject to approval from MidCoast Council

Disclaimer: We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
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