31 Coal Street, Islington NSW 2296

Auction Location: On Location - 31 Coal Street, Islington NSW 2296

*One on one, pre-registered inspections only. Please contact the below agent to book your COVID Compliant inspection.

What could well be one of the hottest development prospects to hit the inner Newcastle property market is presented with the listing of 31 Coal Street, Islington. This two-bedroom home and its 302.6m² corner landholding is zoned B4 allowing for a three-storey mixed use development. All the hard work and expense of gaining DA approval has already been done making this inner-city gem nirvana for developers and builders.

Quadruple your investment and take advantage of this exciting ready-to-build opportunity with the construction of two ground floor commercial shopfronts and two x three-bedroom, two-bathroom apartments above complemented by secure parking for four vehicles.

Alternatively, bring your own creative vision to this cottage and oversized block and consider other renovation or rebuild options. In an area undergoing exciting rejuvenation look to your neighbours as a source of inspiration as to what can be done here, subject to council approval of course.

Ask any local resident and they will tell you that it is proximity to Beaumont Street's foodie hub, the eclectic vintage and retro stores, and the beautiful local park that attracts people of all ages to this once blue-collar suburb. Mostly they will tell you it's the wonderful people and the sense of community.

- 302.6m² corner block with second frontage to Fern Street
- Comfortable double fronted cottage has been a lucrative investment for many years
- Currently comprises two bedrooms, open plan living, electric kitchen, full-size bathroom/laundry and huge backyard offering off-street parking
- B4 Mixed Use zoning allows a mix of commercial/residential rebuild options (STCA)
- 5-minute stroll to Islington Park where kids and pets can play and a bike/walking path allows you to stroll or ride all the way to the harbour and beaches
- 500m to Hamilton Station and Beaumont Street, 2.5km to Marketown

Outgoings:
Council Rates: $1,076.30 approx. per quarter
Water Rates: $264.9 approx. per quarter

This property is being sold under the Onsite Friendly Auction System.

An independent pest & building report is available on request at no charge to you. This is the type of report your solicitor would usually recommend purchasing before bidding at an auction or before making an unconditional offer prior to auction and are conducted by a panel of reputable companies. The companies have consented to friendly auction terms and will generally be happy to speak to you about your queries in reports and in most cases transfer the reports into your name if you are the successful buyer at auction or prior to auction: see each report for details.

Flexible deposit and settlement conditions are also available by negotiation with the agent if required.

Offers can also be made prior to auction and each offer will be assessed on its merits.

Live streaming auction. Bid and buy with confidence in this consumer driven, transparent auction system that was pioneered here in Newcastle but is now in use across Australia. We also have a downloadable guide available on our website.

**Health & Safety Measures are in Place for Open Homes & All Private Inspections
**All inspection attendees will have to answer a health and safety survey to qualify for the inspection of the property

Disclaimer:
All information contained herein is gathered from sources we deem reliable. However, we cannot guarantee its accuracy and act as a messenger only in passing on the details. Interested parties should rely on their own enquiries. Some of our properties are marketed from time to time without price guide at the vendors request. This website may have filtered the property into a price bracket for website functionality purposes. Any personal information given to us during the course of the campaign will be kept on our database for follow up and to market other services and opportunities unless instructed in writing.