3/16 Nesca Parade, The Hill, NSW 2300

HomeSold3/16 Nesca Parade, The Hill, NSW 23001/7Map3/16 Nesca Parade, The Hill, NSW 23001 1 1SoldDevelopment Opportunity on The HillPrime low density re-development site situated in the The Hill.Discover an unparalleled investment/development opportunity in the heart of The Hill with this block of units at 16 Nesca Parade.Please note: The unit block has a limited lifespan due to the concrete cancer affecting the building, hence why the owners corp unanimously decided to sell.So if you're looking for a long term investment block this is probably not the one for you, yet as a future development site, you won't find better land space than here to build on The Hill.Prime Development-friendly topography - with wide street frontage in excess of 29 metres facing Armitage Street.Approx 592m2 block Zoned R2, and providing potential to rebuild up to 8.5 metres high allowing scope for either a large 3 storey home, duplex or triplex terrace style townhouses (STCA)Property Features:• 1960's Contemporary Unit block offering 8 x 1-bedroom units where the top floor units enjoy stunning elevated views - overlooking Cooks Hill and distant Mountain landscape to the West.• Some renovated and all with existing tenancies, currently providing a high yield gross return in excess of $138,000 pa, with value-add potential to improve the unrenovated units and seek a higher rent.• Nestled in a vibrant community, 16 Nesca Parade is conveniently located near local amenities, schools, parks and beaches.Don't miss your chance to secure this remarkable property and reap the return while waiting for redevelopment approval.Please note all offers need to be submited via the link in the 'Make An Offer' tab in the attachments section of the I.M report.Read More...ShareTony TolazziPartner | Sales 0414 2...Get in touchGot a property to sell? Contact us for a free Request AppraisalProperty Info:Property ID: L35347269Property Type:UnitBuilding / Floor Area:40 sqmCarports:1Land Area:592 sqmNeed help with your finance?Our Broker is always on your side, and we are proud to be helping Australians obtain finance that best suits their circumstances and allows them to realise their property dreams. Your broker will work on your behalf, not the banks, to ensure that you get the most competitive rate within a product best suited to your needs and we do it fast and for free.Craig BetalliMortgage Broker 0413 510 003EmailHow much can I borrow?Provided ByWe Know Your AreaR&H Suburb Profile: The HillR&H Suburb SummaryHousesNumber of sales21Average Price$2,338,910Median Price$2,075,000Median Rental Price$575 p.w.Change in Rental Rate (5yr)28 %R&H Suburb SummaryUnitsNumber of sales49Average Price$712,560Median Price$675,000Median Rental Price$600 p.w.Change in Rental Rate (5yr)53 %Median Trend - $2,075,000Recently ListedInspection Today 1:40 AM - 2:10 AMFor SaleGuide $1,050,000265 Maitland Road, Mayfield, NSW 23043 1 1 Inspection Today 2:40 AM - 3:10 AMFor SaleGuide $1,150,00096 Linwood Street, Wickham, NSW 22933 2 1 For SaleGuide $650,0007 Crown Close, Rutherford, NSW 23203 2 1 AuctionAuction7 Glover Street, East Maitland, NSW 23233 2 6 Under OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferFor SaleBY NEGOTIATION70A Churnwood Drive, Fletcher, NSW 22873 2 2 For SaleContact Agent23 Ferodale Road, Medowie, NSW 23184 2 2 Inspection Today 1:40 AM - 2:10 AMFor SaleGuide $1,050,000265 Maitland Road, Mayfield, NSW 23043 1 1 Inspection Today 2:40 AM - 3:10 AMFor SaleGuide $1,150,00096 Linwood Street, Wickham, NSW 22933 2 1 For SaleGuide $650,0007 Crown Close, Rutherford, NSW 23203 2 1 AuctionAuction7 Glover Street, East Maitland, NSW 23233 2 6 Under OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferUnder OfferFor SaleBY NEGOTIATION70A Churnwood Drive, Fletcher, NSW 22873 2 2 For SaleContact Agent23 Ferodale Road, Medowie, NSW 23184 2 2 Recently SoldSoldSold for $740,000 24 Lovell Parade, Shortland, NSW 23073 1 1 SoldSold for $1,050,000 16 Kananook Crescent, Belmont North, NSW 22805 2 2 SoldSold for $755,000 14 Verona Close, Rutherford, NSW 23204 1 2 SoldSold for $460,000 535/1126 Nelson Bay Road, Fern Bay, NSW 22952 1 3 SoldSold for $1,800,000 57/233 Hannell Street, Maryville, NSW 22933 2 2 SoldSold for $850,000 3A Musgrove Street, New Lambton, NSW 23052 1 2 SoldSold for $740,000 24 Lovell Parade, Shortland, NSW 23073 1 1 SoldSold for $1,050,000 16 Kananook Crescent, Belmont North, NSW 22805 2 2 SoldSold for $755,000 14 Verona Close, Rutherford, NSW 23204 1 2 SoldSold for $460,000 535/1126 Nelson Bay Road, Fern Bay, NSW 22952 1 3 SoldSold for $1,800,000 57/233 Hannell Street, Maryville, NSW 22933 2 2 SoldSold for $850,000 3A Musgrove Street, New Lambton, NSW 23052 1 2 Raine & Horne Corporate Partners Previous Next