Unique Freestanding, East End Terrace, Commercial Suite and 3 Bedroom Residential Apartment. Sold at Auction 13.2.21
A distinctive free standing terrace with a red bricked façade, blue tiled entrance and Spanish style verandah.
Currently configured as two strata titled properties; Lot 1, the ground floor, is used as commercial office suite. On the upper-level, Lot 2, you will find a 3-bedroom apartment – both levels are currently leased. The two strata lots are being sold together, in one line.
Zoned R3 Medium Density Residential, this multi-faceted property could serve as both home and business for owner... [More]
Unique Freestanding, East End Terrace, Commercial Suite and 3 Bedroom Residential Apartment. Sold at Auction 13.2.21
A distinctive free standing terrace with a red bricked façade, blue tiled entrance and Spanish style verandah.
Currently configured as two strata titled properties; Lot 1, the ground floor, is used as commercial office suite. On the upper-level, Lot 2, you will find a 3-bedroom apartment – both levels are currently leased. The two strata lots are being sold together, in one line.
Zoned R3 Medium Density Residential, this multi-faceted property could serve as both home and business for owner occupiers, while investors will be impressed by the dual income streams, and renovators and families will see the exciting potential to convert back to a grand home (STCA).
The enviable location of this property cannot be overstated. Stroll around the corner to Newcastle Beach or Nobbys for a morning surf or swim, enjoy breakfast, lunch or dinner at a choice of cafes, bars and restaurants, jump on the light rail to the west end, or walk along the harbour foreshore to Honeysuckle – It's all there for you to enjoy.
* Freestanding terrace with right of way via Zaara Street into court yard (maybe suitable for accommodating a small car)
* Lot 1, Commercial Suite, Ground Floor, having 100 sqm on title
* Lot 2, 3-bedroom, 1-bathroom apartment upstairs with open plan living, electric-equipped kitchen and verandahs front and rear, 97 sqm on title.
* Rental Income : Presently $86,000 pa (Plus GST)
* Lease Expiry : Lot 1 Month to Month, Lot 2 Residential - Expiry 20.2.21
* 100m to Newcastle Beach and ocean baths, 600m to Nobbys and Foreshore Park, 500m to the Harbour foreshore; 1600m to University of Newcastle city campus
* Many options for an astute buyers, to purchase for business / investment / residential use or reconfigure to a large inner city home.
* As two Lots being sold, the selling price will be allocated 2/3 Lot 1 and 1/3 Lot 2.
* On Street Parking: The building is entitled to two Resident parking permits and one Visitor permit via Newcastle Council
GST: Lot 1, the commercial suite, is being sold as a 'Going Concern' for GST purposes. Please check with your Accountant regarding GST registration.
(We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.) [Less]
