585 Glebe Road, Adamstown NSW 2289

This property is currently set up as two units, bringing in a combined $760 a week from happy tenants. You could keep things as they are and enjoy that steady income, but there's room to grow. A few cosmetic updates—or even a full reno—could bump up that rental income nicely. Plus, with a spacious 476sqm lot and a big parking area out back, there's potential for a brand-new build, pending council approval. This section of Glebe Road is a hotspot for health practices—from dentists and acupuncturists to physios and naturopaths— so the B4 Mixed Use zoning adds another level of appeal. And let's talk location: you're right in the thick of it. Just a few steps to Brunker Road's shops, a quick stroll to Adamstown Station, easy access to the Fernleigh Track, and only minutes from Westfield Kotara, The Junction, and some great beaches. Don't miss out on this versatile opportunity that combines steady income with plenty of potential for future growth.

- 476sqm north facing block zoned B4 Mixed Use
- 2-bed unit has had some modern updates, returns $430pw
- 1-bed unit returns $330pw and would benefit from some updates
- Large car park area out back behind secure gates
- Potential to renovate, rebuild or use as commercial premises (STCA)
- Super central location close to shops, schools, transport, medical facilities, Merewether golf club and Newcastle racecourse
- 8mins/3.8km – Newcastle Interchange, 5mins/3.1km – The Junction precinct

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