Shop and Residence Opportunity
56 Main Road, Boolaroo
$650,000-$700,000
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Floor Plan
Description
Shop and Residence Opportunity
Set on a 620m2 gently sloping block, Zoned B1/Neighbourhood Centre, this property provides excellent flexibility for future development opportunities (subject to council approval).
New development nearby comprises ground-level commercial and car parking with two levels of units above. Similar development on this site would make the land component very economical.
Boolaroo is arguably one of the fastest growing suburbs in Newcastle and Lake Macquarie. A huge Bunnings, Costco Store, approximately 500 new homes and apartments under construction and more planned, puts this Main Street site on the map in a big way. Recent sales suggest this property is well priced for the current market and well positioned for excellent growth in the near future.
The existing tenant is a newsagency and residence with annual combined rent of approx. $20,000 plus outgoings (approx. $6,000). You could also consider keeping the shop and residence leased until ready to redevelop.
Call 02 4958 8555 today to book an inspection.
Map
Embedded Map
Address: 56 Main Road, Boolaroo, NSW 2284, Australia
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Relevant Documents
Surrounding Sales
Surrounding Sales
Address | Beds | Bath | Cars | Sold Date | Size | Sold Price |
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Relevant Links
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4958 8555
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