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Sold on 8 Dec 2019

240 Maitland Road Islington NSW 2296

  • Development / Land
  • 1,033 m²
  • Sold

A SIGNIFICANT 1,033SQM* DEVELOPMENT OPPORTUNITY IN A HIGH-DENSITY LOCATION, BENEFITTING FROM A PARKLAND AND WATERFRONT SETTING

  • Located 4.3km* from Newcastle CBD
  • High-density residential zoning controls
  • Prominent 98m* frontage

- A gateway landholding, located on the corner of Hubbard Street

- A level* site with high-density residential zoning controls, the property presents a ripe opportunity to unlock the higher-density potential offered by the 14m height control and the 1.5:1 FSR control

- Islington is located 4.3km* north-west of Newcastle CBD

- The subject property forms the northern gateway to this R4 high density corridor, which benefits from the existing amenities of this residential enclave, as well as views over the park and creek, on the opposite side of Maitland Road. The transition of this, historically low-density, precinct has already commenced

- Upon settlement, Caltex will remain in occupation under a Licence Agreement whilst the demolition and remediation works are being undertaken. A licence fee will be paid by Caltex during this period

- For more information on the full portfolio, please visit www.thenationaldevelopmentsiteportfolio.com.au

*Approx

Stonebridge Property Group

Lincoln Blackledge
+61 408 780 772

CBRE

Mark Wizel
+61 411 694 756

Julian White
+61 422 764 137

CBRE Melbourne
CBRE Melbourne

Property Highlights

Property ID2015664215
Date Sold8 Dec 2019
Floor AreaAsk Agent
Land Area1,033 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  25 Nov 2020
Map for 240 Maitland Road Islington NSW 2296
Map for 240 Maitland Road Islington NSW 2296240 Maitland Road Islington NSW 2296
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  • Purchase price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

CBRE Melbourne
CBRE Melbourne

Property Highlights

Property ID2015664215
Date Sold8 Dec 2019
Floor AreaAsk Agent
Land Area1,033 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  25 Nov 2020
CBRE Melbourne
Level 34, 8 Exhibition Street Melbourne VIC 3000

Ask CBRE Melbourne about this property

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