Introducing an exclusive offering in the sought-after beachside suburb of The Junction, 174 Corlette Street presents a rare opportunity to acquire an entire unit block, sprawling across a generous 946sqm* lot. Comprising seven residential apartments each with their own strata title, the property yields $127,045* net per annum. In addition the property offers DA approval for six townhomes, making it an ideal opportunity for property developers and investors looking to capitalise on the area's growth potential.
Situated in a prime location, residents can enjoy easy access to Merewether Beach, Bar Beach, The Junction shopping precinct, and the vibrant Darby Street. Furthermore, it's conveniently close to Newcastle's finest schools like St Josephs, The Junction Public and Newcastle Grammar, further enhancing its appeal as an exceptional investment opportunity in a highly desirable locale.
Key features includes:
- DA approved for 6 x 3 bedroom townhouses
- Whole building comprising seven residential apartments
- 946sqm* block with 18m* frontage
- One of Newcastle's most highly sought-after beachside suburbs
- 2 minute* walk from The Junction's vibrant shopping, restaurant and café precinct
*Approximately
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