An expansive block of land at 1,008m2, in the family-friendly suburb of Adamstown, this property boasts possibility. With DA approval for 5 townhouses, this opportunity is sure to strike an astute developer, with the potential for outstanding returns. Alternatively, this could also attract any prospective buyer, yearning to build and design their dream home with plenty of yard space for an inground pool for the family to enjoy, a large outdoor alfresco area for entertaining guests, or maybe that huge shed you have always dreamed about. This site also possesses a great investment opportunity, with enough room to build a granny flat at the rear.
An old single-storey weatherboard home currently dwells towards the front boundary of the property, which is in need of either knocking down or a major facelift. It offers three bedrooms, a living room in the centre of the home, a functional kitchen, dining area and bathroom. A fibre cement double garage is positioned towards the middle of the site, with ample off street parking accessible on Brisbane Water Road.
• Currently being leased for $400 per week
• Three generous sized bedrooms all toward the front of the house
• Living area, formal dining room and functional kitchen
• Fibre cement double garage
• DA approved for 5 townhouses with development plans designed by the award-winning architectural design practice, CKDS
• Highly desirable location in walking distance from the largest shopping centre in the Newcastle LGA, Kotara Homemaker Centre, Fernleigh Track and St Pius High School
• Happy to sell on or prior to Auction
• The seller has decided to focus on other projects, allowing you the chance at this stellar opportunity
• Contract for Sale, Information Memorandum, Approved Plans and Notice of Determination available upon request
This property is sure to entice a large audience with its prestigious location - close to some of Newcastle's most popular beaches whilst also within perfect distance from Newcastle CBD. Situated on Brisbane Water Road, the convenience of this site, with an easy walking distance of 130m from the notorious Fernleigh Track, and approximately 800m from the popular one-stop hub shopping centre, Westfield Kotara. There is also plenty of access to nearby public transport with Adamstown train station just over 1km away, and plenty of great schools in the area or neighbouring suburbs, making this suburb all the more enticing.
Outgoings:
Council Rates: TBA
Water Rates: TBA
Rental Appraisal: $400pw
Auction: Saturday 4th June 10:00am
*Happy to sell on or prior to Auction*
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