100 Lake Road is located in the fast evolving suburb of Tuggerah in the Central Coast Region. Commonly known as the main Business Hub, Major Shopping precinct and Financial District for the Central Coast Council, Tuggerah is situated in the middle of NSW’s second largest city Newcastle and is only 90km from Sydney’s CBD.

The property was sold by Nick Lower, David Hickey and Selin Ince of Savills Metropolitan & Regional Sales, who said the 55 acres of land is the largest land holding in Tuggerah with significant water frontage.

A short distance to Tuggerah train station, and various other major shopping and retail amenities, 100 Lake Road benefits from the surrounding light industrial, semi-rural and large home estates coastal NSW has to offer and is right behind the Central Coast Mariners training facility.

Nick Lower, Director, Metropolitan & Regional Sales at Savills Australia, said “Considering the restrictive zoning, the majority of purchasers saw the site as an opportunity to own a significant parcel of land within one of NSW’s fastest developing regions.”

“With significant development happening within the region, the purchaser was drawn to the property by the future opportunities it presents,” he said.

The property offers flexible E3 Zoning – Environmental Management, which allows for a multitude of different uses including bed & breakfast accommodation, business identification signage, extensive agriculture, home-based child care and a variety of other permissible uses.

The Central Coast population is set to increase by 19.67% in the next 20 years, making it one of the fastest growing markets in NSW.

According to David Hickey, Senior Executive, Metropolitan & Regional Sales at Savills Australia, “The on market campaign attracted significant interest from local and Asian buyers looking to land bank so close to the centre of town.”

The Central Coast offers excellent health and education facilities, including major universities and major hospitals (Gosford Hospital, Wyong Hospital redevelopment, Gosford & Wyong TAFE Campus and Ourimbah University Campus).

Mr Hickey went on to say that increased population growth has led to new jobs in education, construction and service industries.

“The precinct is seeing large amounts population relocation from Sydney, who want a coastal lifestyle without a Sydney price tag,” he continued.