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Commercial Collective - NEWCASTLE

23 Blue Gum Road Jesmond, NSW 2299

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23 Blue Gum Road,
Jesmond, NSW 2299

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Sale - Expression of Interest

Expressions of Interest

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Commercial Collective - NEWCASTLE
Dane Crawford
Dane Crawford

Commercial Collective - NEWCASTLE

Level 2, 28 Bolton Street
NEWCASTLE, NSW 2300
Commercial Collective - NEWCASTLE
23 Blue Gum Road
Jesmond, NSW 2299

Map of 23 Blue Gum Road

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  • Train stations within 5 km of 23 Blue Gum Road, Jesmond, NSW 2299Distance
    Warabrook Station2.5 km
    Sandgate Station3.6 km
    Waratah Station3.7 km
    Kotara Station4.2 km
    Adamstown Station4.4 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 23 Blue Gum Road, Jesmond, NSW 2299Distance
    Blue Gum Rd Opp Stockland Jesmond Shopping Centre56 m
    Blue Gum Rd at Mordue Pde108 m
    Newcastle Rd at Blue Gum Rd151 m
    Stockland Jesmond Shopping Centre, Blue Gum Rd161 m
    Janet St Opp Heaton St216 m
    POWERED BY HERE ©
POWERED BY HERE ©

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

Property ID: 503956994Last Updated: 2 Dec 2021

Commercial Collective - NEWCASTLE
Level 2, 28 Bolton Street
NEWCASTLE, NSW 2300
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