This unique development opportunity is located approximately 11 kilometers north of Tamworth CBD. The property spans approximately 199,300 sqm (49.25 acres) and is positioned at the edge of Tamworth’s growing housing expansion, making it an ideal land bank investment for developers. Zoned R2 with a minimum lot size of 2000 sqm, this parcel offers significant potential for residential subdivision. 

Location Overview: 

• Proximity to Tamworth: Located just 11 km north of Tamworth CBD, the property benefits from convenient access to urban amenities, including shopping, schools (like Tamworth High School, St. Edward’s Primary School, and Tamworth Public School), and healthcare facilities. 

Key Highlights: 

• Land Size: 199,300 sqm 

• Zoned R2 (Low-Density Residential), can be subdivided into 64 lots with a minimum lot size of 2000 sqm 

• Positioned at the doorstep of Tamworth’s residential sprawl. 

Property Features: 

Historical Use: Previously operated as a riding school, this property is tailored for equestrian enthusiasts. 

Facilities: 

• Undercover Arena: A well-established, all-weather riding arena for year-round use. 

• Stabling: Several stables built into the covered area, enhancing operational efficiency. 

• Viewing Platform: Allows guests and potential buyers to observe riding sessions. 

• Self-Contained Flat: Adjacent to the arena, this flat has a proven rental history, providing an additional income stream. 

Water Supply: 

• Irrigation System: Supplied by a bore and supplemented with rainwater tanks, ensuring a reliable year-round water supply for the home and agricultural use. 

Residential Accommodation: 

• Main Residence: A four-bedroom, brick veneer, and tile home with two bathrooms. 

• Living Spaces: Spacious living areas, perfect for families or guests. 

Current Income Streams: 

• Residential Rental: The main house and granny flat generate an income of $750 per week, totaling $39,000 annually. 

• Stable Rental: The stables provide an additional income of approximately $80,000 per year, enhancing the property’s cash flow. 

Subdivision Potential: 

• Lot Configuration: The property can be subdivided into 64 lots, each approximately 2000 sqm. 

• Sale Price per Lot: Each lot is projected to sell for $250,000.

Developers’ Potential: 

• Each of the 64 lots is expected to accommodate a four-bedroom house, with projected sales of approximately $1.2 million per lot (land with house), significantly enhancing the investment potential of this property. 

Disclaimer: All information is gathered from sources we believe to be reliable; however, we cannot guarantee its accuracy. Interested parties should rely on their own enquiries.