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Acting under instructions from the appointed Receivers and Managers, Cor Cordis, Knight Frank is pleased to offer to the market For Sale via Expressions of Interest, 68 Woodstock Street, Mayfield. This is a rare opportunity to acquire a substantial inner-city landholding with diversified income and significant future development potential (STCA).
This iconic heritage-listed property, formerly the Redemptorist Monastery, occupies a commanding 14,806 sqm* site with three street frontages and is currently operating as a registered boarding house with 52 rooms.
Key investment highlights:
- 14,806 sqm* total site area with three street frontages
- 2,510 sqm* of internal living/occupiable area across multiple heritage buildings
- Residential leases in place with income upside
- R2 Low Density Residential zoning
- 52 rooms
- Historical significance of the Redemptorist Monastery (1887), Chapel (1906) and Retreat House (1940)
- Secure access, on-site parking and ancillary buildings
This is a rare opportunity to secure a large-scale, income-producing asset with long-term redevelopment potential in one of Newcastle's most tightly-held residential precincts.
Expressions of Interest for this campaign will be closing on Thursday, 14 August at 4pm (AEST).
For further information on this opportunity, please contact the exclusive listing agents.
*Approximate
Remember to mention you found this property on DevelopmentReady
Acting under instructions from the appointed Receivers and Managers, Cor Cordis, Knight Frank is pleased to offer to the market For Sale via Expressions of Interest, 68 Woodstock Street, Mayfield. This is a rare opportunity to acquire a substantial inner-city landholding with diversified income and significant future development potential (STCA).
This iconic heritage-listed property, formerly the Redemptorist Monastery, occupies a commanding 14,806 sqm* site with three street frontages and is currently operating as a registered boarding house with 52 rooms.
Key investment highlights:
- 14,806 sqm* total site area with three street frontages
- 2,510 sqm* of internal living/occupiable area across multiple heritage buildings
- Residential leases in place with income upside
- R2 Low Density Residential zoning
- 52 rooms
- Historical significance of the Redemptorist Monastery (1887), Chapel (1906) and Retreat House (1940)
- Secure access, on-site parking and ancillary buildings
This is a rare opportunity to secure a large-scale, income-producing asset with long-term redevelopment potential in one of Newcastle's most tightly-held residential precincts.
Expressions of Interest for this campaign will be closing on Thursday, 14 August at 4pm (AEST).
For further information on this opportunity, please contact the exclusive listing agents.
*Approximate
Remember to mention you found this property on DevelopmentReady
