Exceptional Opportunity with Three Street Frontages, B1 Zoning and DA Approval
Auction Location: The Arc, 45 Watt Street Newcastle.
Occupying three street frontages and capturing excellent exposure opposite the refurbished Prince Hotel, just 220m from Lingard Private Hospital and 450m from the beating heart of The Junction, this unique opportunity presents the ultimate in commercial and residential flexibility.
Currently on site is a tired 3-bedroom weatherboard home returning $425 per week in rent, however the real value is in the B1 Neighbourhood Centre zoning and DA approval to demolish and build an approximate 236sqm commercial premises.
– Ideal for medical, veterinary, retail, childcare or commercial uses, (STCA)
– High exposure to busy Glebe Road
– DA approval already in place for approximate 236sqm commercial building
– Frontages to Railway Street, Lingard Street and Morgan Street
– Short term income of $22,100 per annum
– Take advantage of the current DA approval or explore options for residential development
This property is being sold under the revolutionary 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.
In-rooms auction event scheduled at The Arc at Watt Street Commercial Centre (Cnr King and Watt St Newcastle). 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.
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