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SOLD

1339 & 1349 Wollombi Road, Millfield, NSW 2325

Properties / Sold / New South Wales / Millfield

Development Potential

1. Property Summary

Property Type

Residential, Industrial

Sub Type

Land Site

Land Area

32,828 m² (*approx)

Zoning

RU2 - Rural Landscape

Selling Method

Auction: Auction

Auction Date

27 Jun 2024 10:00AM

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2. Property Highlights

3.2HA* LAND w/ RESIDENCE AND TIMBER MILL (ADMINISTRATORS APPOINTED)

Ray White Commercial (SC), under instructions from administrators, is pleased to present to the market 1339-1349 Wollombi Road, Millfield. The property will be offered for sale via Auction.

Situated on a substantial corner block, this property benefits from an extensive street frontage of 260.90 sqm* along the main arterial Wollombi Road connecting regional suburbs within the Cessnock Local Government Area (LGA).

The property encompasses a combined land area of 3.28 hectares*, featuring a vacant timber mill operation and a tenanted residential home. The timber mill comprises a large format open plan industrial shed, demountable offices and associated timber mill machinery.

Additional highlights of the asset include:

• Combined Site Area - 3.28 hectares*

• Zoned: RU2 - Rural Landscape

• Current design layout for a timber mill operation

• Strategically positioned on a large corner block

• High exposure along the main arterial Wollombi Road

• Ample street frontage of 260.90 sqm* along Wollombi Road

• Residential home currently returns $350 per week

• 13.8km* from Cessnock

• 62km* from Newcastle

• 154km* from Sydney CBD

• MUST BE SOLD

The property is offered for sale via Auction on Thursday, 27th June 2024 at 10:00am (AEST). The Auction will be held at Ray White Head Office, Level 7, 44 Martin Place, Sydney NSW 2000.

For further information, please contact the exclusive selling agents below.

*Approximately

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