The property comprises 13 contiguous lots forming a large strategic development opportunity with substantial self-storage and warehouse improvements providing excellent holding income. The site benefits from flexible planning controls and extensive frontages to Railway Street and Holland Street. The maximum height limit of 24m (eight storeys) captures CBD and harbour views, together with a northerly outlook across the adjacent Wickham Park and Hawkins Oval. The property is within close proximity to Newcastle CBD, Honeysuckle, Newcastle Cruising Yacht Club and the marina. The site is also within a 550m walk to the Newcastle Interchange (under construction).
- Total site area 7,627sqm (approx.)
- Flexible B4 Mixed Use zoning
- 1.5:1 with height up to 24m
- Passing Income $466,239 per annum (approx.)
- 361 storage units
- 160m street frontage
For Sale - $9,000,000