Panorama Estate is the best residential development land in the booming regional centre of Inverell. DA in place for 25 lots average area 800+ sq m.
Land area 26140 sq m. Potential for 30+ lots STCA.
Zoned Residential.

Located within walking distance of three schools including a high school, the recently rebuilt District hospital and a large modern medical centre.
The city centre is about 5 minutes drive away.

Situated on an elevated aspect, the site has panoramic views from South to North over looking a wide expanse of town and rural scenery.

Land conditions: Mostly level with slight decline to the North and a small steeper section on N/W corner where the Sewer connection is planned. Soil test indicate bedrock at about 1.5 m and good building conditions. Road pavement is expected to be minimum thickness.

Inverell is a prosperous regional centre located between Glenn Innes (New England Highway) and Moree( Newell Highway) in North Western NSW. It has a serviced population of 69,000 people according to the Research done for BigW development by independent consultants . Australian Bureau of Statistics indicates current shire population is 16,936 with an expected growth rate of 12.2 % by 2031. That implies an additional population of 2066 people.
Based on on the Australian average of 2.6 residents per household it is expected that the community needs 794 new houses by 2031 or 79 per year.

Currently there are approximately 60 vacant blocks available in the district including residential and rural residential.

Inverell district contributes in excess of $819 million to the NSW economy each year.There are 1588 businesses and an average labour force of 6339.

The Sapphire wind farm with 75 Turbines and 270Mw capacity is located about 30 kms to the east of Inverell. Further wind farms are under development. The area is becoming a renewal energy hub.

This project would suit an experienced developer looking for a prestige site in an unparalleled location.

Please contact the owner for more information.

The Phone Code for this property is: 88213. Please quote this number when phoning or texting.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.