THE OPPORTUNITY
This property offers the chance for a savvy investor/developer to secure a high quality apartment development in a continuously growing market. With the bulk of the work already complete a developer could get started as soon as they take possession. Alternatively, there is stable income that provides cash flow until you’re ready to add value. These two adjoining residential properties are positioned smack bang in the middle of the Adamstown Renewal Corridor, linking the commercial centres of ‘Nineways’ Broadmeadow and Adamstown, and identified by The Lower Hunter Regional Strategy as presenting an opportunity for economic renewal, and for housing renewal and intensification.

The development will be built over five levels and comprising a mixed use development with two ground floor commercial units, associated car parking, twenty residential units and twenty one lot strata subdivision, this is a blue-chip real estate opportunity for property developers and builders.

KEY FEATURES
- Land size: 1,006sqm (over two titles)
- Zone: R4 High Density Residential
- DA Approval: 20 residential apartments and 1 large commercial space
- Current income: $58,200 per annum (tenants are on a month-to-month lease)
- Close to amenities and public transport
- Approved plans and relevant reports available upon request
- Motivated vendor

AVAILABLE UPON REQUEST
- All DA Approved plans
- Civil Engineering reports
- Landscape Plans
- Structural Engineering plans
- Specifications Schedules

For further information or if you have any queries, please contact Alex Bennett on 0439 646 997.