Residential Development Site Opportunity
- 3 Beds
- 2 Baths
- 2 Cars
This opportunity is for home owners, investors and developers alike. Situated directly opposite Civic Park this property represents everything you can expect from an A grade real Estate investment.
The property has two levels both of approximately 220sqm with downstairs currently leased for $37,000 gross per annum and upstairs offering the potential of a massive inner city apartment.
The zoning of the property would allow STCA a mixed use residential/commercial development, with 449sqm of land the property has endless possibilties.
Invest now and develop later, the choice is yours, either way the property offers both returns and liviabilty, call now to discuss the opportunity.
- Located opposite to Civic Park
- Zoned B4 Mixed Use
- Floor space ratio is 2.5:1 with 14m height restriction
- Building area of approx 450m2 over 2 levels with a ground floor tenancy yielding $37,000 Gross p.a
- Potential Large apartment and income or residential development, either way a great investment
Auction: Wednesday 8th of March at 6:30pm in room at 535 Hunter Street Newcastle.
2 garage spaces
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