23 Blue Gum Road,
Jesmond, NSW 2299
Showrooms & Large Format Retail
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Commercial Collective - NEWCASTLE
10 Newcomen StreetNEWCASTLE, NSW 2300
23 Blue Gum Road
Jesmond, NSW 2299
Map of 23 Blue Gum Road
Income producing asset with development approval
Expressions of Interest closing Thursday 16 December 2021 at 4pm
One of the remaining un-developed sites directly opposite Jesmond Central and leased to well known Jesmond Fruit Barn.
The building provides 35%* site coverage and is returning an income of $195,000* per annum plus GST. The remainder of the site provides on grade parking for up 23* vehicles.
The property benefits from a current DA approval to develop 27 residential apartments and one commercial suite giving immediate opportunity to unlock further value.
- Total income of $195,000* + GST
- Tenanted investment to Jesmond Fruit Barn
- Total site area of 1,613sqm*
- DA approval for 27 apartments and one commercial suite
- Close to amenity and transport
- Four individual titles
*Approximately and outline indicative only
One of the remaining un-developed sites directly opposite Jesmond Central and leased to well known Jesmond Fruit Barn.
The building provides 35%* site coverage and is returning an income of $195,000* per annum plus GST. The remainder of the site provides on grade parking for up 23* vehicles.
The property benefits from a current DA approval to develop 27 residential apartments and one commercial suite giving immediate opportunity to unlock further value.
- Total income of $195,000* + GST
- Tenanted investment to Jesmond Fruit Barn
- Total site area of 1,613sqm*
- DA approval for 27 apartments and one commercial suite
- Close to amenity and transport
- Four individual titles
*Approximately and outline indicative only
Property ID: 503956994Last Updated: 14 Nov 2023
Commercial Collective - NEWCASTLE10 Newcomen Street
NEWCASTLE, NSW 2300
NEWCASTLE, NSW 2300
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