The property is improved by an existing 2,067sqm* industrial building positioned across the 2,283sqm* site. The improvements provide a large-format industrial footprint with supporting office and amenities, configured to accommodate a range of operational uses. The scale of the building offers substantial internal floor area, with access facilitating vehicle movement and general industrial functionality
The property benefits from an approved development application for a purpose-built self storage facility delivering 9,105sqm* of gross floor area. The approved scheme provides a clear and defined redevelopment outcome, incorporating structured parking for 33 vehicles with car lift access to maximise efficiency of the site. The design also includes supporting building amenities and communal areas, reflecting a considered approach to functionality and end-user experience.
The site is aligned with the NSW Government's Housing Delivery Authority (HDA) initiative, which provides a streamlined State Significant Development (SSD) pathway for major residential apartment projects. For developers, this framework offers the ability to fast track approvals through a state-led process, run rezoning and development applications concurrently, and potentially achieve increased density outcomes. This materially reduces approval timeframes; lowers holding risk and enhances overall project feasibility.
4-6 Milford Street is located approximately 750 metres from Hamilton Train Station, positioning it within close proximity to key transport infrastructure and aligning with the NSW Government's Transport Oriented Development (TOD) framework. This may support increased density outcomes and enhanced development potential, subject to approval.
Key Features:
- Significant 2,283sqm* city fringe landholding supporting large-scale redevelopment
- Existing 2,067sqm* industrial building providing interim occupation or holding income
- Development approval secured for self storage project
- 9,105sqm* approved gross floor area
- Structured parking design incorporating 33 on-site car spaces
- Car lift access providing efficient parking configuration within the development
- Located within the Hunter Development Area, supporting urban renewal
- Close proximity to Newcastle CBD employment and commercial centres
- Planning approval already secured, reducing development risk
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