Your new home in the heart of the city…or an incredible development opportunity
Who knew properties like this even still existed?
One thing is for sure…they are becoming increasingly rare and in no time at all will disappear completely.
You will have to move quickly to secure this centrally located property in one of Australia's fastest growing coastal cities. Currently, a family home positioned at the front of the block gives potential purchasers the options to renovate or develop (STCC) for either a second rear dwelling, knockdown and rebuild into a sophisticated new executive home, or develop contemporary apartments with valuable commercial space. With a mixed-use zoning, the buyer is presented with a range of possibilities not seen in many suburbs of Newcastle.
The existing home is a north-facing, three-bedroom, one-bathroom residence, with built-in wardrobes to the bedrooms, extra-high 3 metre ceilings and a solid concrete and stone construction with cypress pine floorboards. The large backyard is fenced, with a double gate to Furlong Lane giving you greater scope to store your boat or the tradesman's tools of the trade. The property holds multiple off-street car parking spots, accessible from both Church Street, and Furlong Lane to the rear.
Strategically positioned in the inner-city suburb of gentrified Wickham, 18 Church Street is surrounded by cafes, bakeries, restaurants and pubs and this fabulous level block of land is just 150 metres from the palm trees and luxury yachts in the Newcastle Yacht Club Marina and the waters of the iconic Newcastle harbour.
This property is only a short walk to the Newcastle Interchange from where you are just a few stops on the tram to city centre restaurants, funky bars, chic boutiques, museums, theatres and entertainment venues. You are also just minutes from some of the state's most beautiful beaches such as Nobbys, Newcastle, Merewether and Bar Beach to name a few. Gourmet restaurants and character filled bars dot the historical streets of this bustling coastal city!
Newcastle is a thriving regional town, just 2 hours north of Sydney, which boasts its own expanded International Airport and enjoys easy access to the Hunter Valley wine and tourism region. International concerts by artists such as Paul McCartney, Pink, Elton John and the upcoming Foo Fighters visit the region along with the annual Surfest International Surfing Competition. Newcastle offers all the highlights of a big city, with a great vacation beach vibe.
What we love:
· An incredibly rare opportunity to secure land in the heart of Newcastle – the fastest selling regional property market in NSW according to view.com.au
· Dual access property – main entry on Church Streer and rear lane access
· Just steps to pubs, restaurants and lively café culture within Wickham
· A few hundred metres to the Newcastle Transport Interchange and Yacht Club
· A couple of stops on the light rail to the CBD and beautiful beaches
· Huge potential for capital upside for those with an astute eye
· Prime spot for a multi-dwelling development – picture contemporary apartments or luxury townhouses
Disclaimer: All information contained herein is obtained from property owners or third-party sources which we believe are reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested person/s should rely on their own enquiries.
