Located just minutes from the centre of Port Macquarie is this exceptional opportunity to invest in a property already set up for those in the Thoroughbred Racing industry or those looking for a substantial medium-density residential development.
Set on a 3730m2 parcel of land that directly adjoins Port Macquarie Racecourse, the land is zoned R1 residential, allowing re-development into villas or townhouses (STCA).
There is a four-bedroom home facing north with views to the racecourse proper. A large entertaining room adjoins the home and offers loads of extra space.
A fully self-contained two-bedroom unit is also part of the accommodation for the property. Complete with full bathroom and kitchen facilities, ideal for extra income or employee accommodation. At present both house and unit are tenanted, returning an income of $760 per week.
Also, a part of this substantial holding is the stable complex, featuring 14 stables, two washdown bays, a veterinary bay, feed & tack room, a large horse walker, and a commercial 4 bay colourbond shed. A direct link via an all-weather path to the racecourse allows for trackwork and race day access, making horse management that much easier.
If thoroughbred racing is not your thing, then maybe re-development into villas or townhouses is more your style. Located in an area that is close to schools, the Charles Sturt University campus, Port Macquarie Base Hospital, and the Innes Lake shopping precinct make this a fantastic location for a prized development. Demand for medium-density housing is high at the moment, and stock is low, so there is no better time to be developing than now.

Please click the link below to register online at Auction Now.

https://auctionnow.com.au/properties/75132

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