Hamilton 58-58a Cleary Street

Currently both occupied, these 2 properties are for sale side by side or singularly if desired. These properties present someone with an outstanding opportunity to look at re-development, refurbishment or setting up an ongoing commercial property investment.

The two properties are currently occupied by the owner operating as medical suites. As they are currently set up in this format it would be ideal for this purpose or something similar with a waiting room, reception and treatment rooms all at your disposal

We could see that there could be the opportunity to refurbish the homes that currently occupy the site and return to a residential use (STCA). The homes have beautiful character features throughout the internal and external spaces which date back to the early 1900's.

What else do you need to know?

Zoned B2 Local Centre.Currently owner occupied as medical suites.Beautiful federation homes.Potential to reconfigure to suit residential occupation (STCA).Off street parking via a shared driveway.Easy to lease to another medical practice.
Rental Returns (Approx.):

58 Cleary Street, Hamilton: $580 - $600 per week.58a Cleary Street, Hamilton: $500 - $550 per week.
Commercial Returns (Approx.):

58 Cleary Street, Hamilton: From $30,000 gross p/a.58a Cleary Street, Hamilton: From $27,000 gross p/a.
Basic concepts for what might be possible on the site are available upon request as well as an Information Memorandum.

Zoning Details

Zone B2 Local Centre

1 Objectives of zone
To provide a range of retail, business, entertainment and community uses that serve the needs of people who live in, work in and visit the local area. To encourage employment opportunities in accessible locations. To maximise public transport patronage and encourage walking and cycling. To provide for residential development that maintains active retail and business frontages in order to contribute to a safe, attractive, friendly, accessible and efficient pedestrian environment. To maintain the hierarchy of urban centres throughout the City of Newcastle and not prejudice the viability of the Newcastle City Centre.
2 Permitted without consent
Environmental protection works; Home occupations

3 Permitted with consent
Amusement centres; Boarding houses; Car parks; Centre-based child care facilities; Commercial premises; Community facilities; Dwelling houses; Educational establishments; Entertainment facilities; Environmental facilities; Exhibition homes; Flood mitigation works; Function centres; Health services facilities; Home-based child care; Home businesses; Home occupations (sex services); Hostels; Industrial retail outlets; Information and education facilities; Light industries; Medical centres; Mortuaries; Oyster aquaculture; Passenger transport facilities; Places of public worship; Public administration buildings; Recreation areas; Recreation facilities (indoor); Recreation facilities (major); Registered clubs; Respite day care centres; Restricted premises; Roads; Service stations; Sex services premises; Shop top housing; Signage; Storage premises; Tank-based aquaculture; Tourist and visitor accommodation; Vehicle repair stations; Veterinary hospitals; Water recreation structures

Property Information

• Land area approx 770sqm

Property Features

• Car Spaces 4