87 Young Street Carrington NSW 2294

Perfectly positioned in Newcastle's Harbourside suburb of Carrington. Located in the heart of the Carrington Village retail strip where a variety of interesting businesses exist.

This property offers a number of opportunities for the property owner, investor and/or developer.
- A Significant Development/Investment opportunity
- Zoned E1 Local Centre (FSR 1.5:1; 11m height)
- Land 461.1m2
- Existing retail 128m2 (leased to June 2025)
- Approved outdoor and footpath dining
- Dual street frontage
- Single level building recently renovated with rear vehicle access.
- A Development Approval for mixed use featuring a retail space and four apartments (Shoptop Housing GFA 866m2: Retail + 4 apartments + 6 parking - lapsed Nov. 2023).
- CC Documentation completed.
- A new tenant with a stunning fit out and a 12 month lease at $600.00per week net of outgoings.

Rarely is a property of this calibre offered for sale.

Information Memorandum available on request.

Expressions of Interest Closing 2nd October 2024.