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495-503 Pacific Highway
Belmont NSW 2280
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Sold on 28 Aug 2024

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 time28/08/2024 18:00
    Auction locationOpenn Negotiation
    MOVABLE - Commercial
    MOVABLE - Commercial
    92-94 Darby Street
    Newcastle, NSW 2300

    Property Highlights

    Date Sold28 Aug 2024
    Sold Price$1,700,000
    Floor Area611 m²
    Land Area700 m²
    Parking6 x Onsite parkings
    Property ID2019400471
    Category
    Last updated  28 Aug 2024
    Map for 495-503 Pacific Highway Belmont NSW 2280

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    MOVABLE - Commercial
    MOVABLE - Commercial
    92-94 Darby Street
    Newcastle, NSW 2300

    Property Highlights

    Date Sold28 Aug 2024
    Sold Price$1,700,000
    Floor Area611 m²
    Land Area700 m²
    Parking6 x Onsite parkings
    Property ID2019400471
    Category
    Last updated  28 Aug 2024

    Listed by

    Jason Morris
    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.

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