6 Kindra Place, North Lambton NSW 2299

Here is an opportunity to purchase a 1,258sqm site, Zoned Low Density Residential

There is an existing 3 bedroom house at the front of the property which can generate rental income. The site is being sold with DA approval in place to to build 4 new townhouses at the rear of the property.

This prime site is positioned within 850 metres (approx.) from the University of Newcastle. It is situated within an existing residential area, adjoining a leafy nature reserve and surrounded by single story houses and suburban gardens. It is walking distance to the popular recreation area, Jesmond Park, with access to nature walks, the Shortland Wetlands, Shortland Golf Club, and the popular Jesmond Shopping centre.

The existing unrenovated house at the front of the site would attract a rental of $370-$400 per week. If renovated it has the potential to rent for $450-$500 per week.

Please contact PRDnationwide and Newcastle New Projects for a detailed information memorandum and an understanding of expected prices for off the plan pre-sales.