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107 Ocean Street
Dudley NSW

 

Offers over $1,400,000

An investment property with development upside, genuine value add opportunity with robust income streams from commercial and residential tenancies.

Positioned within one of Newcastle’s most desirable suburbs, 107 Ocean Street provides the rare opportunity to invest in a well-established mixed use investment property. Additionally, the property benefits from an approved DA to construct a further three apartments without displacing any of the existing tenants, offering continuing cash flow while you build. 100% leased, the property is currently generating a gross income of $104,035.37* pa + GST.

- 100% leased to established tenants

- DA approval for three additional apartments

- Combined net income of $82,445.37* pa plus GST

- Existing 3 x two bedroom apartments with four retail shops

- Zoned B1 Neighbourhood Centre

- Site area 715 sqm* with dual street frontage

For Sale by Expressions of Interest

*approximately

Adam Leacy

Adam Leacy
02 4077 5858
0421 613 160
adam@commercialcollective.com.au

Brendan Sarroff

Brendan Sarroff
02 4077 5858
0400 986 779
brendan@commercialcollective.com.au

commercialcollective.com.au