1/2/16 Church Street Nelson Bay, 2315 NSW
DA Approved Site - 12 Apartments + Income Potential from Existing Duplex's
Introducing an unparalleled real estate opportunity nestled in the heart of Nelson Bay, 16 Church Street offers a rare blend of convenience, potential, and modern living. Spanning across 1028 sqm and comprising of two existing strata-titled duplexes, this property presents an enticing investment prospect with both immediate rental income and future development possibilities.
Unit 1 of the duplex boasts three bedrooms, one bathroom, and a garage, complemented by an additional two-car garage on title. Meanwhile, Unit 2 offers three bedrooms, one bathroom, and a garage. Currently vacant but historically generating consistent rental income, these duplexes provide a solid foundation for your investment portfolio.
Included in the sale are the DA approved plans, authorised on the 12th of November 2021 and valid until November 2026, offering a vision of a contemporary three-story building with basement car parking. This architecturally designed structure comprises:
Six spacious apartments featuring three bedrooms and two bathrooms, including one ensuite. Six elegant apartments offering two bedrooms and two bathrooms, including one ensuite.
Sold $1,590,000
Inspect
Inspection of this property is available strictly by arrangement only.
Contact
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Michael Kirby
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Michael Kirby