10 Charles Street, Charlestown NSW 2290

For Sale via Expressions of Interest closing Thursday 9th May at 4pm

Situated in Charlestown, a major commercial hub located 10km* South of Newcastle, 10 Charles Street presents a DA & CC Approved development site with contributions already paid. Comprising 12 apartments across 6 levels and 1,133 sqm* of NSA with 14 secure car spaces, the apartments are made up of 6 x 2-bed, 3 x 2-bed with study and 3 x 3-bedrooms. Architecturally designed by O'Connell Architecture the apartments face North looking outwards to Newcastle's CBD and coastline with sweeping views towards Dudley & Glenrock Beach. The apartments are generous in size averaging over 94 sqm* internally with 2 bathrooms to all units in addition to the generous north-facing balconies.

The existing property comprises of a flat triangular shaped 872.60 sqm* site with 60m frontage to Charles Street. The existing occupied resiential dwelling provides a holding income of $22,800 p.a.*

Positioned just off the Pacific Highway in proximity to Charlestown Square (450m*) residents are a walk away from the extensive amenity of Charlestown. The site is located close to Charlestown Square being the largest shopping and entertainment destination in the Hunter Region comprising retailers such as Aldi, Coles, Woolworths & Myer.

Development highlights:
- DA & CC Approved residential development site with CONTRIBUTIONS FULLY PAID
- 872sqm* shovel ready cleared development site
- Located on a quiet street off the Pacific Highway within walking distance to Charlestown Square (450m*)
- Cost effective 6-storey build with single level basement
- Attractive unit mix of 9 x 2-bed & 3 x 3-bed apartments with an average unit size of 94sqm*
- Located in Lake Macquarie region currently experiencing an 0.59%* vacancy rate

*Approximately