Nelson Bay 1-4/14 Yacaaba Street

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Remarkable Rare Site in CBD!!

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This Torrens Title property includes four (4) individual units and thus presents a strong investment opportunity or potential development proposition nestled in the centre of nelson Bay CBD. Just a stroll down the road will take you to the delightful restaurants, popular cafes or business and shopping district brimming with all the necessities. Nelson Bay is seeing an increased amount of investors, developers, tourists and retirees making the demand for accommodation within the area at an all time high.

Nestled on a 590sqm gently sloping block with potential to knock down and rebuild a development (STCA). Each unit comprises of two (2) Bedrooms and one (1) Bathroom with a fantastic gross rent estimated $50,960.00 per annum. The units have been long term rental properties with the Property Management team ensuring that each property is well-maintained by its current tenant. This lot is zoned B2 Local Centre with potential for redevelopment, the Council is keen to attract more developments in the CBD due to property market being increasingly on demand and will release a revised strategy for the CBD early 2017.

Take a hold of this fantastic opportunity for the astute investor or potential developer who has an eye for the future of Port Stephens. Please contact Michael Kirby for more information on the potential redevelopment (S.T.C.A).

Property Information

  • Land area approx 590sqm

Property Features

  • Car Spaces 4
Century 21 Paradise Waters Paradise Waters
Shop 2, 24 Donald Street
Nelson Bay NSW 2315
 
Phone02 4984 4700  
 


Local Information Nelson Bay

Education

Nearest Government Schools

  • Shoal Bay Public School
  • Tomaree High School
  • Tomaree Public School
  • Tea Gardens Public School
  • Soldiers Point Public School
  • Anna Bay Public School

Nearest Private Schools

  • St Michael's Primary School
  • St Philip's Christian College - Port Stephens

Local Amenities

Services

  • Nelson Bay Post Office

Parks

  • Pillinda Park
  • Fern Gully Park
  • Banksia Park
  • Mur-Rung Reserve

Sport and Recreation

  • Tomaree Sports Complex