DEVELOPMENT OPPORTUNITY KNOCKS Land area 962 square metres with a 20.11 metre frontage and rear lane access. Zoned R4 High Density Residential. Building height is 17 metres.
The property is strategically located 4 kms from Newcastle and beaches, short walk to Broadmeadow Railway Station and on a major bus route. A multitude of development opportunities permitted with consent including multi dwelling housing and childcare centres.
Located on each block is an existing residence. Both properties are currently leased and returning $780pw. Rear lane double garage, separately metered can achieve an additional $150pw.
Fully Fitted Medical Practice - The subject property is located on the northern side of Park Avenue, on the corner of Searle Street, offering exposure to a large amount of passing traffic.
- The property is well situated in terms of amenity, with bus transport readily available within the surrounding street networks and both Westfield Shopping Centre and the Kotara Homemakers Centre within easy walking distance.
- Area – 204sqm
- For Sale - $950,000 plus GST
Broadmeadow Commercial with Redevelopment Potential Collect on income whilst waiting for your new building plans. Long term investment with commercial zoning. Straight 13 year lease to council approved business.
Lambton Road exposure without the parking hassles. A rare find in this location - amongst businesses, houses and motorcycle retailers and sealed car park at rear.
Long term 13 year lease till September 2029, Rent 38,242 per annum excluding GST.