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Sold Property
$1,200,000
Laura Strong Harcourts Newcastle
Directly opposite the shores of beautiful Lake Macquarie on the main thoroughfare through Warners Bay, this corner block of approximately 633sqm with secondary frontage to Fairfax Road is just 600m from the area's lively waterside shopping and dining scene and presents as a superb readymade investment where position and potential unite. With R3 Medium Density zoning, the well-maintained properties currently consist of 3 x retail shops with extensive car parking behind. 100 percent leased and currently generating great returns, this tantalising investment promises a genuine value add/development opportunity supported by an increasing local population and commercial business growth from a high profile, prominent position.
- 633sqm block with 17m frontage to The Esplanade and 42.3m to Fairfax Road
- Commercial zoning with R3 Development Potential
- Any development plans are subject to approval from Lake Macquarie Council
- Currently fully leased to three separate shops
- High profile location directly opposite the Lake Foreshore
Disclaimer: Floor area indicative only. Square meterage is approximate. All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries
Property ID: #NEW4267
Office
Sold Property
Directly opposite the shores of beautiful Lake Macquarie on the main thoroughfare through Warners Bay, this corner block of approximately 633sqm with secondary frontage to Fairfax Road is just 600m from the area's lively waterside shopping and dining scene and presents as a superb readymade investment where position and potential unite. With R3 Medium Density zoning, the well-maintained properties currently consist of 3 x retail shops with extensive car parking behind. 100 percent leased and currently generating great returns, this tantalising investment promises a genuine value add/development opportunity supported by an increasing local population and commercial business growth from a high profile, prominent position.
- 633sqm block with 17m frontage to The Esplanade and 42.3m to Fairfax Road
- Commercial zoning with R3 Development Potential
- Any development plans are subject to approval from Lake Macquarie Council
- Currently fully leased to three separate shops
- High profile location directly opposite the Lake Foreshore
Disclaimer: Floor area indicative only. Square meterage is approximate. All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries
Property ID: #NEW4267
If you like what you see, but know you'll need to sell before buying, why not find out what you could be sitting on today with an instant Digital Property Appraisal, highlighting the market value including the recent sales, rental history, suburb insights and more.
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