2 Mary & 83 Robert Street
Argenton NSW 2284

Money in the bank – incredible investment opportunity by the lake

If you are searching for the ultimate residential investment this property has it all. It offers a combined land footprint of well over 1000 square metres, an already approved DA for ten two-bedroom apartments, and an enviable location just five minutes from the shores of Lake Macquarie - all of which will make this a sought-after development.

The combined 1000+ sqm area of these side-by-side properties allows for a generous, contemporary build that will offer a solid return on investment if sold individually, or an exceptional rental income if retained after completion. The current approved plans outline a modern apartment complex with sumptuous materials, clever design choices, a variety of floorplans, an elegant aesthetic and a sleek streetscape. With owner occupier and rental properties of this calibre in high demand, this development, which is all but ready to proceed, stands to offer an astute investor immense returns.

It is not often that an opportunity like this presents itself. This generous, level block is situated in such a sought-after location – backing onto Kindyerra reserve, across from the Waratah Golf Club, just minutes from the sparkling waters of Lake Macquarie and from a huge range of shopping and dining options. It is also positioned just 45 minutes from the acclaimed Hunter Valley wine country and 2 hours from Sydney. Contact Cveta Property now for further information on this unique opportunity.

• Two properties with over 1000sqm combined area and two street frontages
• Quiet but central location just 5 minutes from the shores of Lake Macquarie
• Plans approved for a contemporary, three-storey apartment complex of 10 X 2 bedroom apartments
• 16 allocated undercover garage car spaces
• The two existing houses could be sold and removed or simply demolished
• 4 mins to Stockland Glendale and to Costco, 16 mins to Westfield Kotara and Charlestown Square
• 5 mins to Speers Point Park and boat ramp and 9 mins to Warners Bay foreshore
• 7 mins to Glendale TAFE, 16 mins to John Hunter Hospital, 20 mins to Newcastle Uni
• 25 mins to the heart of the thriving coastal city of Newcastle


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.

Outgoings

Council rates are approximately $4087.64 per year
Water rates are approximately $1637.38 per year