37-39 High Street, Waratah NSW 2298

Located in the growth suburb of Waratah, rarely is there a better opportunity to enjoy a strong rental return, with excellent potential for future property development.

Positioned on a level 1034sqm, enjoying a 22m street frontage, there are lapsed DA plans available, showing a multi level unit development.

Currently, there are 4 dwellings on the two blocks, comprising 2 x 3 bedroom homes, and 2 x 2 homes at the rear of each block, returning a healthy $74,000 pa. Both of the 3 bedroom homes have been extensively renovated, the 2 bedroom properties are brand new. Perfect for the astute investor/developer looking to land bank, and re-develop in the future.

Positioned close to the local shopping centre, transport, Newcastle University, hospitals local cafes, these outstanding properties offer exceptional value, to arrange an inspection, contact Shaun Elms on 0425 285979.