A Rare Find An Entire Block On One Title
Positioned in this precious pocket of Newcastle is the unique opportunity to own a block of four units in its entirety, being sold under one title. This address offers investment revenue and capital growth potential along with possibilities for redevelopment or conversion to strata title (STCA) within one of Newcastle’s most sought after locations. Less than one kilometre to the beach and just a short stroll to all the essential services and specialty shops of The Junction, prospects like this are rare.
Currently fully tenanted, two x two-bedroom and two x one-bedroom units all have built-in wardrobes, air conditioning in the living areas and gas stovetops in the kitchen. Each unit has ample living space with room for a home office/study and the wide windows and sliding doors allow light and sea breezes to flow through. Two ground floor units feature a generous side courtyard, the top rear-facing apartment has a generous balcony while the top front-facing apartment hosts wrap-around windows for even more light.
The Junction is a much coveted, self-contained suburb within reach of neighbouring attractions. Take the walk to Bar Beach, the famous Darby Street is only one kilometre away, and in under ten minutes’ drive you can be at the Newcastle Art Gallery, The Civic Theatre and the Honeysuckle Precinct for all your cultural and entertainment desires. This location offers strong value retention for both investors and developers.
• Torrens Title, block of four units, individually rented
• Land size 430m2
• Zoned R3 – Medium Density Residential
• Two units have two bedrooms with built-in robes and bathroom; two units have single bedroom with built in robes and bathroom
• Lower floor units have spacious side courtyards, upper rear unit has large north facing balcony, upper front unit has wraparound windows
• All units have single carport and lockable storage room at the rear of complex
• Communal paved backyard with clothesline
• St Joseph’s Primary School, The Junction Public School and Newcastle High School, all within 1km
• Short walk to The Junction restaurants, speciality shops and professional services; 500m to Junction Fair Shopping Centre; 950m to Bar Beach; 1km to Darby Street restaurants, bars and speciality shops
Council rates: $3,012 approx. per annum
Water rates: $2,619.60 approx. per annum
This property is being sold under the Online Friendly Auction System.
An independent pest and 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.
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
**All inspection attendees will have to answer a health and safety survey to qualify for the inspection of the property
All information contained herein is gathered from sources we deem reliable. However, we cannot guarantee its accuracy and act as a messenger only in passing on the details. Interested parties should rely on their own enquiries. Some of our properties are marketed from time to time without price guide at the vendors request. This website may have filtered the property into a price bracket for website functionality purposes. Any personal information given to us during the course of the campaign will be kept on our database for follow up and to market other services and opportunities unless instructed in writing.