Three properties to be sold together as one! This exceptional corner townhome development site, with 3 frontages, offers 1,132 sqm approx. of flat land in the heart of Mayfield. This is a fantastic opportunity for a savvy developer/builder to build up to 8 townhomes (STCA) with a potential $4m gross revenue in this high growth suburb, just moments from all of Newcastle’s best landmarks.
Concept plans and forecast sales figures are available upon request.
This is an ideal multi-townhome development site in a Medium Density Residential (R3) Zone within Newcastle City Council. The 3 combined properties are located on the corner of Sunderland Street and Roe Street, with rear lane access to all properties and no easements.
The total land size of the 3 properties is 92 ft wide x 132 ft deep approx. comprising:
56 Sunderland is 33 ft wide x 132 ft deep approx. and is situated on the corner of Roe Street.
58 Sunderland is 33 ft wide x 132 ft deep approx.
60 Sunderland is 26 ft wide x 132 ft deep approx.
There are currently 2 tenanted homes on the site producing almost $1,000 per week income.
A feasibility has been prepared showing a potential multi-home development opportunity for 8 townhomes. This includes 4 types of homes over 2 and 3 levels - maximising the site’s net saleable area and buyer choice in this high growth area. Concept plans are available upon request.
A short stroll to Mayfield’s shopping precinct with trendy cafes and facilities nearby, including Woolworths, ALDI and retail shops. The property is close to public transport with bus access to Newcastle University, TAFE and Newcastle CBD, and Waratah Train Station just 650m away. Newcastle’s finest beaches and CBD area are only a short 10 minute drive away.
For Sale by Expressions of Interest closing Wednesday 2 May 2018 at 2.00 pm. Prior offers will be considered. Attractive settlement terms available.
Contact Scott Ferris, One Agency, on 0401 797 308.
