1 Ida Street, Charlestown NSW 2290

Auction Date: May 22, 2024

Auction Location: 10 Newcomen Street, Newcastle NSW 2300

For Sale by Auction 22 May at 11am via online portal Auction Live and in room

Situated at 1 Ida Street, Charlestown, this property presents a unique and lucrative opportunity in a high-growth suburb. Spanning across a 719.62sqm* block and zoned MU1 mixed use, the property offers a versatile canvas for various ventures.

With a current building height allowance of 23* meters and Charlestown experiencing substantial growth, this property holds immense potential. It's poised to accommodate a range of enterprises including childcare facilities, commercial offices, medical practices, hotel or motel accommodations, and multi-dwelling housing with shop-top commercial premises (STCA).

Currently featuring a 4-bedroom home with ample parking space for 6 cars, this property is primed for redevelopment, investment, or owner occupation. Positioned in Charlestown, a burgeoning commercial hub, the property enjoys easy accessibility to surrounding areas and premium lifestyle amenities, offering ample convenience.

Key Features:
- Site area 719.62sqm*
- Zoned MU1 Mixed Use
- Close proximity to shopping centres, medical facilities and transport links
- Rental Assessment: $33,000 - $35,000 per annum plus GST

*Approximately