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Sold on 14 Dec 2017

35-37 Watt Street Newcastle NSW 2300

  • Offices
  • 760 m²
  • Sold

East End Asset With Endless Possibilities

The subject property occupies the prominent corner of Watt and King Streets
located within Newcastle’s East End which is conveniently positioned close
by to Newcastle Beach, Nobbys Beach and the Harbour Foreshore. The property in its current form features an approved 17 room boarding house returning some $151,320 per annum plus GST. The rooms are spread over the ground floor, level one and level two whilst the common areas and facilities are located on each floor as well including showers, kitchens, laundry facilities and living areas. The future potential of the building is flexible given the current R4 High Density Residential zoning and the current height and FSR allowances.

- Outstanding position in the thriving East End of Newcastle
- Total site area 311 square metres (approx.)
- Total building area 760 square metres (approx.)
- Annual rental $151,320 per annum
- Current approval for a 17 room boarding house
- Floor Space Ratio: 3:1
- Height Limit of 30 metres
- R4 High Density Residential under Newcastle Local Environmental Plan 2012
- Further development potential STCA

For Sale by Public Auction Thursday 14 December 2017 at 10:30am | Ground Floor, 18 Honeysuckle Drive.

(NA2017)

(NPP)

AUCTION

Auction date and time14/12/2017 10:30
Auction locationGround Floor, 18 Honeysuckle Drive, Newcastle

Property Highlights

Property ID2013983942
Date Sold14 Dec 2017
Floor Area760 m²
Land Area311 m²
ParkingOn site parking available
Category
Last updated  6 Nov 2017
Map for 35-37 Watt Street Newcastle NSW 2300
Colliers International - Newcastle
Ground Floor, 18 Honeysuckle Drive Newcastle NSW 2300

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