SMALL PROJECT – BIG FLEXIBILITY…BIG POTENTIAL
This amazing property has many exciting possibilities. Currently its being used as the offices for a local Newcastle marketing firm. Its investment profile is…..great return, stable long term tenant, brilliant location. It is an R2 residential zoned property, so you can live in this convenient location if you wish, or alternatively, a two level townhouse conversion development may achieve 2 or 3 dwellings s.t.c.a. The current FSR ratio allows 189sqm of floorspace, less approx 146sqm of current floor area allowing another 43 sqm of habitable development space plus garage or common areas s.t.c.a. With a max build height of 8.5m.
PROFESSIONAL OWNER OCCUPIER PREMISES
Calling all professionals, business owners or tenants looking to purchase your own offices. With its existing use rights this location in the geographic heart of the Newcastle LGA would make the perfect operations HQ for a range of professional, medical or trade administrative uses s.t.c.a.
Right at the five-ways on the corner of Orlando Road and Durham Road, this brilliantly located site is within one minute of beautiful Lambton Park, Johnson Park, multiple sports ovals, the inimitable Lambton Pool, sporting precinct, hotels, clubs and Lambton CBD. The magnificent Wests Leagues Club is just a 2 minute drive from the subject property, and the CBD of Newcastle is only an 11 minute drive from 10-12 Orlando Road Lambton
This property lends itself towards an initial investment purchase either long or short term, with holding income, while D.A. is approved….alternatively occupy the property yourself and develop it as required. A combination of residential and commercial development is possible s.t.c.a.
THE PROPERTY THAT HAS IT ALL …..
Currently tenanted by a long standing Newcastle marketing company, with a current rent of $31,200, this magnificently located property provides multiple opportunities to the prudent purchaser.
Corner site at the five-ways, this 315sqm lot with yard access off Orlando Road offers a solid yield investment opportunity with substantial holding income.
FOR MORE INFORMATION AND FOR INSPECTION CALL JAMIN RYAN 0438 001 473
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|R&H Suburb Summary||Houses|
|Number of sales||79|
|Median Rental Price||$450 p.w.|
|Change in Rental Rate (5yr)||14 %|
|R&H Suburb Summary||Units|
|Number of sales||31|
|Median Rental Price||$400 p.w.|
|Change in Rental Rate (5yr)||23 %|