Located within a 400m radius of the NSW Government's Transport-Oriented Development (TOD) zone, this 1,012m² property presents an exceptional opportunity for investors and developers. The R3 Medium Density Residential zoning supports townhouse construction, offering even more potential for future development. Additionally, the TOD zoning allows for the potential development of a 6-storey apartment block, particularly when combined with adjacent properties, making this a strategic acquisition in a rapidly growing area. The substantial residence offers dual income potential, featuring a versatile layout with up to 7 bedrooms, two kitchens, and four bathrooms. Originally approved as a display home with dual accommodation, while it is not formally approved as a dual occupancy, Council would be aware of the current floor plan. The main dwelling includes 6 bedrooms (or 5 and a study), two kitchens, and three bathrooms, providing ample space for extended family living or rental returns. Additionally, a separate self-contained one-bedroom studio overlooks the inground pool and spa, complete with its own bathroom for added convenience. While significant work has already been done throughout, adding some finishing touches will either enhance your enjoyment of the home or increase its appeal to future tenants. For dual income purposes, some minor work will be needed to separate the two homes, as well as installing separate electrical and plumbing meters. Whether you're looking for a strategic investment with high return potential or a dual-family residence close to Morisset CBD, 28 Newcastle Street is a unique offering at an exciting time of future growth for Morisset. DISCLAIMER Wilson Britten Real Estate has obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
