Rare vacant land in famous eat street offered for sale.
Newcastle’s Beaumont Street is best known for attracting large crowds with its lively dining and nightlife experience, featuring numerous popular cafés, restaurants, and bars all within walking distance of each other.
15 Beaumont Street, Hamilton, is a prime vacant development site in this highly sought-after street, and Commercial Collective is pleased to present it to market for sale.
Formerly the Gallipoli Legions Club carpark, Matt Kearney, Commercial Collective partner, highlights the rarity and attractiveness of this site to the market.
“Located in a long-standing popular eat street, this property provides several opportunities for high-end development with the key advantage being that it is vacant, meaning no need for demolition in order to commence.”
With a guide of $2 million, the site is located in a blue-ribbon city fringe suburb and has frontage to both Beaumont Street and Eva Street. It offers 973sqm* of level vacant land and is zoned B2 Local Centre & R3 Medium Density Residential.
Featuring excellent public transport connectivity and accessibility to lifestyle amenity, interest is being received from both Newcastle and Sydney based residential developers as well as owner-occupiers looking at building their own commercial development.
“We’ve also had interest from build-to-rent developers as well, with a bit of a focus around providing housing for essential service workers like firefighters and police and nurses who need to be located close to public transport,” Mr Kearney said.
This site is being sold via Expressions of Interest closing Thursday 28 October 2021 at 4pm.