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SOLD

125 Ridge Street, Merewether, NSW, 2291

Properties / Sold / New South Wales / Merewether

Development Potential

1. Property Summary

Property Type

Residential

Land Area

735 m² (*approx)

Selling Method

Auction: Wednesday, 11th April 2018 at 10:30am (AEST)

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2. Property Highlights

NEWCASTLE DEVELOPMENT SITE WITH TELSTRA LEASEBACK

For Sale via Auction on Wednesday, 11th April 2018 at 10:30am (AEST)

Ray White Commercial NSW & Ray White Commercial Newcastle, under instruction from Charter Keck Cramer as transaction advisor, is pleased to offer for sale 125 Ridge Street, Merewether via Auction.

This property represents an exciting opportunity to acquire a boutique future development site on 735 sqm* on the fringe of Newcastle. Offering an interim holding income the site is ideally situated near the beach and close to transport making it suitable for future residential development (S.T.C.A).

Key features of the site include:
• Site area of 735 sqm*
• Leased to Telstra for four (4) years expiring 2022
• Proposed gross annual rental income of $28,100 gross per annum excl GST
• Currently zoned R2 - Low Density Residential
• Situated in an affluent suburb of Newcastle
• Development potential (S.T.C.A)

*approximately

The site will be offered for sale via Auction on Wednesday, 11th April 2018 at 10:30am (AEST). The Auction will be held at Ray White Head Office, Level 17, 135 King Street, Sydney NSW.

The property is being offered as part of a portfolio of three (3) development sites all with leasebacks to Telstra. The properties are being sold individually. For further information on the other opportunities available, please click on the following link: https://investmentswithupside.com.au/

Remember to mention you found this property on Developmentready.com.au