Residential: Apartment Sites
HIGH EXPOSURE DA APPROVED SITE
Spanning over 951m2 (approx), this piece of land in the heart of Wallsend is prime for redevelopment. Zoned R3 Medium Density Residential land, the site is DA approved for 8 x 2 Bedroom apartments.
Before gaining approval there was also discussions about a townhouse development on the site but due to the partial oversupply of townhouses the current owner decided that apartments were the best option.
The designs are slightly larger than your average two-bedroom apartments and are proposed to have high quality inclusions to appeal to owner occupiers who are downsizing, first home buyers & savvy investors looking to purchase in one of Newcastle's most promising suburbs of the next 5 years.
Positioned 500m from Wallsend CBD, 2km's from the Stockland Jesmond shops, 3km's from The University of Newcastle and a brief 6km drive to John Hunter hospital the location has it all. Wallsend is the gateway to Newcastle; it provides access to major arterial roads taking you to Sydney & into the Hunter Valley.
- DA Approval just acquired for 8 x 2-bedroom apartments.
- Floor Space Ratio: 0.9:1.
- Maximum Building Height limit: 10m.
- Dimensions on request (Odd shaped block).
This property is being offered for Sale by Expression of Interest closing Wednesday 6th May