1A Newton Street Broadmeadow NSW 2292

Rectangular infill Property located with broad frontage to Newton Street and located within the Broadmeadow Place Strategy 2025. Close to Newcastle CBD, Port & M1 Motorway linking Sydney. Property includes one freestanding brick building upgraded to the use of a boarding house. Including 40x1 bed units property provides outdoor BBQ area, games room and a mangers quarters if required. Each unit is lockable, has air conditioning, shower & toilet facilities. Gross income currently exceeds $438,000 per annum and this property represents a perfect opportunity for a serious developer/investor to purchase and plan DA consent for the use of residential over the coming years.