Seize this rare opportunity to secure a three-storey building in the heart of Newcastle CBD that’s zoned R4 for high density residential or commercial development (STCA). Use the solid return from the well-established Thai restaurant on the ground floor to fund the full renovation of the upper two levels, and take full advantage of this prime location that’s a short stroll to Newcastle Beach, Hunter Street Mall and light rail stops.
— Successful Thai restaurant on the ground floor offers immediate return
— First and second floors are partially renovated and await completion
— Kitchen and bathroom facilities to first and second floors
— Large rooftop terrace with city views and ocean glimpses
— Stunning central timber staircase offers old-world appeal
— Beautiful Art Deco facade in good condition for easy restoration
— Ideal CBD location surrounded by popular cafes and restaurants
The established Thai restaurant on the ground floor has been superbly renovated and offers an immediate return with no work to do.
The upper two levels both feature large eat-in kitchen spaces, separate living rooms, two potential bedrooms and bathroom facilities. They suit conversion into two spacious luxury apartments, or could be utilised as commercial office space with a central CBD address.
The large, easily accessible rooftop also offers enormous potential to create a shared alfresco living space with city views and ocean glimpses.
Call John Todorovski at Dotcom Property Sales on 0438 528 322 to organise your inspection today.
