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St Gabriels, 57 Albert St Wickham, NSW 2293

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St Gabriels, 57 Albert St,
Wickham, NSW 2293

Hotel & Leisure • Development Sites & Land • Other

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Key property information

Land area

Floor area

Car spaces

Parking info

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$130,830
Number of Tenants
10 Tenants
Tenants / Type
Boarding House

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Map of St Gabriels, 57 Albert St

Directions
  • Train stations within 5 km of St Gabriels, 57 Albert St, Wickham, NSW 2293Distance
    Hamilton Station659 m
    Newcastle Interchange785 m
    Broadmeadow Station2 km
    Waratah Station2.9 km
    Adamstown Station3.7 km
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  • Bus stops within 5 km of St Gabriels, 57 Albert St, Wickham, NSW 2293Distance
    Albert St Opp Wickham Park101 m
    Albert St at Railway St148 m
    Wickham Park, Albert St251 m
    Hannell St After Greenway St354 m
    Albert St Opp Hawkins Oval391 m
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Boarding House which ticks all the boxes - Newcastle

  • Convenient Harbourside Location
  • Two Street Frontage
  • Great Investment Return
Around ten years ago, the old "St Gabriels" Church was converted to an eight-room DA approved boarding house. 
The easily managed high yielding Newcastle Boarding House has a consistent record of attracting tenants attracted by its convenient Newcastle Harbourside location. It is minutes to all services, Hamilton/Newcastle interchange, attractive waterways, Shops, personal services, entertainment, sporting facilities, local bus public transport near the front door, park across the road, easy access to airport, spacious indoor and shared outdoor areas. The current gross income is around $153,660 pa. 

Potential for further growth due to the gradual opening of international borders, increasing overseas students and general rental growth.

The Old church property has dual street frontage and sits on an impressive site area of around 739m2. More than double the land size of many of the homes in the surrounding area.

Possible commercial redevelopment opportunities  

The current R2 zoning allows for several other uses for the real estate subject to council approved development application. Possible uses include community facilities, education, childcare, medical and tourist/visitor accommodation.

The additional residential property included
There is also a second residential property built fronting Albert St. This is an open plan one-bedroom home with around 65m2 of internal space, including separate dining and lounge areas. Also, it has a large covered outdoor entertainment area with a storage shed at the rear. The property has onsite parking for three cars.

Possible Residential Family Home
There is also the option of taking advantage of the attractive architecture of the old historic church building, with high vaulted ceilings and the emotional sensation of an abundance of space, bright ambience and large 234m2 footprint to convert the current boarding home into your residential family masterpiece.
Discover the great financial returns from owning your own boarding house!

Additional information

Property ID: 503929654Last Updated: 12 Apr 2022

04031188...
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St Gabriels, 57 Albert St
Wickham, NSW 2293
CST Properties - SYDNEY
Citigroup Centre, Level 13, 2 Park St
SYDNEY, NSW 2000
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