Coastal Commercial or Seniors Housing Development
The subject property was formerly operating as a retail Shopping Centre and has been vacant since mid-2008. The vendor commissioned a study of the property and has developed a Concept Plan for the development of a residential aged care facility through adaptive re-use of the existing building. The Concept Plan envisages conversion of the existing building into a residential aged care facility and also provides the option for development of ancillary and complimentary uses such as a medical centre and independent living units etc.
The vendor has sought and obtained initial in principle approval from the Port Stephens Council for the development of a residential aged care facility on the subject property which was looked at favourably by council.
In addition, the B2 zoning offers the ability to develop a mix of commercial, retail and multi dwelling residential developments including boarding houses, commercial premises, community facilities, entertainment facilities, medical centres and tourist and visitor accommodation (STCA).
For Sale by Expressions of Interest