20 Buller Street, Charlestown

$1,250,000 Friendly Auction
5
Bedroom
2
Bathroom
2
Parking

Property Details

Landsize

1328.00 m2

Auction

$1,250,000 Friendly Auction

Pre-Market Properties

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In-rooms Auction Family Home Potential, Investment Portfolio Builder & Development Opportunity

House

Auction Location: Novotel Newcastle Beach | 5 King Street, Newcastle NSW 2300

The Auction will be held at Novotel Newcastle Beach | 5 King Street, Newcastle NSW 2300.

Positioned in a quiet cul-de-sac within Charlestown, this expansive 5-bedroom residence occupies an impressive 1,328sqm block, offering an abundance of potential. Whether you're envisioning 20 Buller Street as a home to make your own suitable for a large family boasting multiple self contained sections, an investment venture with its current combined rental return of $930 p/w & 3.88% Yield calculated at the guide price. This really is a canvas for redevelopment with approved plans for 9 Apartments across 4 levels. The property stands as a versatile opportunity catering to a range of prospective buyers and astute investors or developers.

Additionally, the strategic location of the property places homeowners just moments away from Charlestown Square, quality schools, childcare facilities, and the bustling commercial precinct of Charlestown. Enjoy the convenience of being a short drive from the picturesque shores of Redhead and Dudley Beach, Newcastle Private and John Hunter hospitals, and a mere 10.3km from the Newcastle CBD.

– Expansive 1,300sqm block
– Combined Rental Return of $930 p/w
– Downstairs kitchen with island bench, double sink, wall oven and dishwasher
– Downstairs loungeroom with air-conditioning
– Five good-sized bedrooms – three downstairs, two upstairs and four with built-in robes
– Two original bathrooms – one on each level
– Rear lower deck overlooking leafy backyard
– Multiple storage rooms/areas and under house storage
– Single garage and carport
– Second kitchen area located upstairs adjacent to the open plan living/dining area
– Street facing balcony off the upstairs living area
– Air-conditioning and ceiling fans throughout
– Stamped Plans for 9 Apartments
– Ideal location of Charlestown close to all lifestyle amenity

Development Specifications

– Approved plans through Lake Macquarie City Council for 9 luxury apartments
– Expected GR of $7,080,000
– Zoned R3: Medium Density
– Capitalise on the revitalisation of Charlestown growth corridor known as Lake Macquarie's CBD.
– All due dillegence documents available
– Combined Current Rental Return of $930 p/w
– Dual Income Opportunity with existing dwelling and Dual Occupancy Concept Plans

Outgoings:

Water rates – $908 per annum approx.*
Council rates – $2,479 per annum approx.*

This property is being sold under the Online 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.

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

Disclaimer:
All information provided by Presence Real Estate in the promotion of a property for either sale or lease has been gathered from various third-party sources that we believe to be reliable. However, Presence Real Estate cannot guarantee its accuracy, and we accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements in the information provided. Prospective purchasers and renters are advised to carry out their own investigations and rely on their own inquiries. All images, measurements, diagrams, renderings and data are indicative and for illustrative purposes only and are subject to change. The information provided by Presence Real Estate is general in nature and does not take into account the individual circumstances of the person or persons objective financial situation or needs.

Team Members representing 20 Buller Street, Charlestown

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