495-503 Pacific Highway Belmont NSW 2280

Development / Land
700 m²
Sold, $1,700,000

Current bid $1.5mil

Consisting of two separate buildings; with a total of 4 residential flats and 6 commercial shops, this is a unique split risk investment with plenty of future upside.

Featuring:
- Net income approximately $114,000 per annum
- 100% leased
- Huge potential for growth in the rental return
- Development opportunity with 2 street + laneway frontages
- Torrens Title and on a flat block of approximately 700sqm
- Roof has been replaced on the older building

Retirement has brought about the sale of this property that has not been offered for sale in over 40 years.

For sale by Openn Negotiation (flexible conditions online auction). The Openn Negotiation is under way and the property can sell at any time. Contact Jason on 0425 302 778 immediately to become qualified and avoid disappointment. Open to all buyers subject to seller approval.

AUCTION

Auction date and time	28/08/2024 18:00
Auction location	Openn Negotiation

MOVABLE - Commercial

92-94 Darby Street

Newcastle, NSW 2300

Property Highlights

Date Sold	28 Aug 2024
Sold Price	$1,700,000
Floor Area	611 m²
Land Area	700 m²
Parking	6 x Onsite parkings
Property ID	2019400471
Category	Development / Land
Last updated	28 Aug 2024

Map for 495-503 Pacific Highway Belmont NSW 2280

Nearest transport* to 495-503 Pacific Highway Belmont NSW 2280

Bus

Train

Tram

Ferry

Pacific Hwy after Maude St	45 m
Pacific Hwy at Merleview St	59 m
Maude St at Ernest St	160 m
Pacific Hwy after Livingstone St	260 m

*Within a 4km radius

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MOVABLE - Commercial

92-94 Darby Street

Newcastle, NSW 2300

Property Highlights

Date Sold	28 Aug 2024
Sold Price	$1,700,000
Floor Area	611 m²
Land Area	700 m²
Parking	6 x Onsite parkings
Property ID	2019400471
Category	Development / Land
Last updated	28 Aug 2024

Listed by

Jason Morris

MOVABLE - Commercial

Call

0425302778

More about 495-503 Pacific Highway Belmont NSW 2280

495-503 Pacific Highway Belmont NSW 2280 is categorized as Land & Development Property. It has a floor area of 611 m² and a land area of 700 m². There are 6 x onsite parkings.The listing ID for this property is 2019400471.