78 Freemans Drive, Morisset, NSW 2264

A landholding of this scale, zoning and configuration rarely comes to market in an established Morisset location. Set across 12,849 sqm (approx. 1.285 ha) and zoned R3 Medium Density Residential, 78 Freemans Drive offers three street frontages and sits at the heart of the premier growth corridor between Morisset and Cooranbong.

R3 Medium Density Residential zoning opens the door to a broad range of housing outcomes on this site - from townhouses and villas to small-lot subdivision - subject to council approval, giving purchasers genuine flexibility to shape a scheme around their own design and delivery strategy. The site is improved by an existing four-bedroom home, which can be taken with vacant possession or retained on its current tenancy for holding income while plans are progressed.

Morisset and Cooranbong sit within one of the Hunter Region's fastest-growing corridors, on the M1 Motorway and Great Northern rail line, with Lake Macquarie City Council and the NSW Government both identifying the area for sustained population and housing growth. That growth is translating directly into housing pressure - rental demand and the need for affordable, well-located housing stock continue to climb as the population expands, underscoring the depth of end-buyer and tenant demand for well-designed medium-density product in this location.

Property Features: 

• 12,849 sqm* (1.285 ha) landholding zoned R3 Medium Density Residential
• Three street frontages - flexible access, circulation and staging
• Broad development potential under R3 zoning (STCA) - townhouses, villas or small-lot subdivision
• Existing 4-bedroom home - vacant possession or holding income available
• 10m height limit supports 2-3 storey development
• Strata, community title or Torrens small-lot subdivision options
• Premier position within the high-growth Morisset-Cooranbong corridor
• Strong and rising demand for affordable housing and rental accommodation on the back of population growth
• Close to Morisset station, M1 Motorway, schools and shopping
 
This is a genuine opportunity for developers, project-home builders, joint venture partners and land bankers to secure a scarce, multi-frontage site in one of the region's premier growth corridors, positioned to meet rising housing and rental demand as Morisset and Cooranbong continue to grow. Expressions of interest are invited - contact Lawson Commercial today.