Prime infill development opportunity, 70 Craigie Avenue and 56 Pearce Road, Kanwal, situated in the heart of the Kanwal Enterprise Zone, has been brought to market by LAWD, with expressions of interest closing on Thursday, 14 September 2023.

The development site is well positioned in an emerging health precinct, opposite Wyong Hospital, Tuggerah Lakes Private Hospital, Kanwal Medical Centre and the University of Newcastle Podiatry Clinic, with several aged care and retirement villages nearby.

Spanning 2.78ha on the New South Wales Central Coast growth corridor, the gateway site benefits from three street frontages and boasts an extensive 200m frontage to the Pacific Highway for future development.

LAWD Director, Andrew Graham, said with flexible E3 Productivity Support zoning, and site-specific Kanwal Enterprise zoning, the property is ideally placed to allow uplift for health-related services.

“The medical sector has been very active and countercyclical with large institutions actively vying for quality assets in established health precincts where value can be leveraged from the significant private and public infrastructure already in place,” Mr Graham said.

“Kanwal is an established health hub, with the immediate vicinity well represented by seniors and aged care living facilities, further underpinning the need for ongoing medical services in the area.

“The site is approximately 112km from Sydney and 74km from Newcastle, and also hosts a number of modern estates and land releases housing predominantly first and second homebuyers and young families.”

The infill development site comes to market after being held by the same owners for more than 45 years and offers an opportunity for buyers to take advantage of, or establish complementary facilities to, the immediate adjacent and surrounding infrastructure and amenity.