805 Hunter Street
Newcastle Development Site - 3 buildings, 2 Titles & 2 Street Frontages
Newcastle West has entered an unprecedented boom phase with the announcement that both Newcastle City Council & multiple State Government bodies will re-locate to purpose built premises by 2020.
The subject development site is well place to benefit from these landmark re-locations as it is just 300 metres to the west from both sites.
There are 3 brick buildings constructed upon the land.
Land area : 1520m2 (approx)
Floor space ratio: 6:1
Building height limit: 60 metres
Zoned: B4 Mixed Use
Rental income: Approx; $ 207,590 + GST
This is a strong development opportunity with a good income stream that will cover a due diligence period & development application to council.
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