Figtree, Scone
Figtree, Scone, 2337
Upper Hunter of New South Wales
The Horse Capital of Australia
Development Potential
Figtree is a unique rural property that covers 849 acres on the east side of Scone Town. It offers a mix of rural and residential land with excellent opportunities for development and rural lifestyle.
The property is divided into two super lots, with the first lot covering 471 acres and containing about 164 acres of fully re-zoned residential land. The second lot covers 378 acres of prime arable rural land.
The residential lots have the potential to sell for $200,000 each, based on recent comparable land sales. Additionally, there are two proposed lots allowed under the current council zoning that can be sold for $1 million to $1.2 million each once subdivision is approved.
Scone is known as the “Horse Capital of Australia,” and over $250 million has been invested in recent years to make it a regional destination.
Many ongoing and completed projects in the area include the Scone Regional Selling Facility, White Park Equine Complex, and Scone Race Club. The property is in an excellent location to take advantage of the growth and investment in the region.
Figtree offers a unique opportunity to own a diverse property on the edge of a rapidly growing regional center. The property has excellent development potential and opportunities for a rural lifestyle.
The property is listed for sale for around $9 – $10 million, with negotiable terms.
If you have any questions or would like to express interest, please contact us.
Michael Reid
michaelreid@michaelreid.com.au
Darren Curtis
darren@kenjacobs.com.au
0406 761 840
