Approved Residential subdivision masterplan site comes to market in Armidale

6 February 2024

Colliers, proudly presents an exceptional development opportunity in Armidale, NSW – the remaining stages 7-16 of the Cookes Hill Masterplan Estate. Following the successful sale and delivery of the first six stages, this offering provides developers a chance to enter a project with substantial progress and immense potential.

Located in the eastern region of Armidale, the Cookes Hill Masterplan Estate boasts stunning views of the Armidale CBD and convenient access to the town. With a total land area exceeding 33 hectares, predominantly zoned residential, the property provides an ideal canvas for the creation of a vibrant residential community.

The development enjoys approval for residential use in the growing regional town of Armidale, positioning it as a lucrative investment opportunity. Developers can capitalize on the completion of the initial stages by developing and selling the remaining 155 residential lots in the Cookes Hill Estate. The property offers flexibility with a staged development approach, ensuring strategic progress and maximizing returns on investment.

Strategically located near local schools, parks, and retail outlets, Cookes Hill Masterplan Estate promises a well-connected and convenient lifestyle. This proximity is expected to boost sales and contribute to the overall success of the development.

Thomas Mosca and Nick Estephen from Colliers, the listing agents for this exceptional property, express their confidence in the project’s potential.

“This is an excellent opportunity for developers to acquire a long-term project in a rapidly growing regional town of NSW,” says Thomas Mosca, Director & Joint Head at Colliers Sydney South West Investment Services team. “The substantial completion of initial stages provides a solid foundation for a seamless transition into the remaining phases of development.”

Nick Estephen, Director & Joint Head of Sydney South West Investment Services at Colliers, adds, “With a strategically planned masterplan and the appeal of Armidale’s growing real estate market, the Cookes Hill Masterplan Estate presents a promising investment opportunity. We encourage interested parties to express their interest and explore the immense potential this development holds.”

The property will be sold by way of Expression of Interest. For more information, interested parties are invited to contact the Colliers team.