This large parcel of land is the perfect development opportunity, located just a short walk to Mayfield shopping centre and Waratah Train Station.
This very rare opportunity totals approximately 1681sqm and features 3 street frontages including Rawson Street, Roe Street and a Side Laneway off Rawson Street. There is also an easement on the northern side, providing great opportunity to build closer to the boundary and make the most of the whole site.
26 Rawson Street is approximately 1033sqm, with a frontage of 21.81 metres and a depth of 44.3 metres. There is a 4 bedroom brick home which is in decent condition and receives $350 per week in rent.
35 Roe Street Mayfield is approximately 647sqm, with a frontage of 17.45 metres and a depth of 40.2 metres. This property consists of a brick home that has been divided up into 2 flats and receives a total of $510 per week rent. Both properties are fully leased and provide an income of $860 per week in total.
Research suggests this site could suit either 12 x 2 bedroom villas, or 9 x 3 Bedroom Townhouses, subject to council approval. This is a great opportunity for a developer to knock down and build a Strata title complex in this highly sought after location. Mayfield has been one of Newcastle's highest growth suburbs and is predicted to perform well in the future.
Disclaimer: We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.