Prime Location | Luxurious Design Concept | Exceptional Investment Potential
An exclusive development opportunity in the heart of Port Macquarie's CBD at 7 School Street.
Perivola, Greek for Garden, this architecturally designed, garden-tiered concept living offers breathtaking water views and serviced apartment-style luxury.
This unique property, with an existing charming 1950s home, is set for transformation into a luxurious residential complex with development application in final stages.
These three penthouse-style apartments, each covering 164 sqm, offer versatile and customizable living spaces, making them perfect for shared ownership between three investors or owners. This presents a unique lifestyle investment opportunity: build all three apartments, keep one for personal use, and generate rental income from the others. It combines luxury living with solid investment potential. The development plans include premium amenities such as car spaces, a lap pool, a gym, storage bays, and more, ensuring convenience and modern comforts. Feasibility studies are available to tailor the project to your investment objectives.
Port Macquarie, one of the fastest-growing areas on the NSW Mid North Coast, is projected to see its population rise from 81,000 in 2017 to 104,000 by 2036. This growth is driven by the area's appealing coastal lifestyle, strong economic development, and expanding urbanisation. With its well-developed infrastructure, growing employment opportunities, and high quality of life, the region is an ideal location for investment, particularly in residential and commercial projects. As demand for luxury living continues to rise, Port Macquarie presents a promising opportunity for long-term growth and returns.
Property Features:
- R3 Medium Density Residential zoning, 17.5m height limit ideal for development.
- 1950s four-bedroom home in the vibrant CBD with growth potential.
- Hardwood floors, air-conditioning, and separate entertainment pavilion.
- Opportunity to build three apartments, perfect for a hobby developer.
- Open-plan interiors, private balconies, and rooftop garden.
- Private pool, secure parking, storage and more.
- Ocean Views and Minutes from world-class beaches
- 10 minutes from the airport and 4 hours from Sydney.
Discover Perivola at 7 School Street, Port Macquarie the finest luxury living opportunity.
Contact us today to explore this exclusive development potential.
Property Details:
Council Rates: $3,500 p/a approx
Rental Potential: $590 p/w
The information contained in the advertising of this property is not based on any independent enquiries or knowledge of the agents, and the vendor and agents expressly disclaim any liability arising therefrom. The accuracy of the information cannot be guaranteed, and prospective purchasers should make their own enquiries and form their own judgement as to these matters.
