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60 Harriet Street Waratah NSW 2298

  • Development / Land
  • 5,615 m²
  • Expressions of Interest

Quality Investment & Development Opportunity in Growing Newcastle Precinct

  • 32 x 1 Bedroom Units + Detached House
  • Strong Gross Income of $380,804pa*
  • 5,615sq m* Site Area with Dev. Potential

The Savills Property Insolvency & Turnaround Services Team, in-conjunction with Street Property are pleased to present 60 Harriet Street, Waratah to the open market on behalf of the Receivers & Managers appointed, KordaMentha. The property will be offered for sale via an Expressions of Interest campaign, closing on Wednesday 21 October 2020 at 2pm.

Positioned in the growing Waratah precinct, this quality asset offers a versatile opportunity for investors, developers & owner occupiers. Boasting a large site area of 5,615sq m*, and with its favourable R3 Zoning, makes for one of the most desirable value add acquisitions of 2020 for any astute purchaser

The property comprises two (2) separate buildings.

- Main building: 32 x one (1) bedroom self contained units
- Detached house: eight (8) bedroom house with common bathroom, dining & kitchen
- Hardstand car parking
- Strong gross passing income of $380,803pa*
- Zoning allowing for multiple development opportunities (STCA)
- Premier schools and education facilities in close proximity
- Going concern (no GST applicable)

There are limited competing development sites within the Newcastle pocket Savills & Street Property invite all investors and developers to reach out to our team for further information on this highly desirable opportunity.

*Approx.

EXPRESSION OF INTEREST

Closing date and time21/10/2020 14:00
Recipient nameAsk Agent
Delivery addressExpressions of Interest

Property Highlights

Property ID2016496908
Floor Area5,615 m²
Land Area5,615 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  16 Sep 2020
Map for 60 Harriet Street Waratah NSW 2298
Map for 60 Harriet Street Waratah NSW 229860 Harriet Street Waratah NSW 2298
Savills Sydney
Level 25/1 Farrer Place Sydney NSW 2000

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