Multi Use Site with Development Oportunity!A rare introduction to secure this stand out property offering opportunity, versatility and position. Approximately 1144m2 allotment within the heart of Islington which is surrounded by the ultimate growth suburbs of Hamilton, Wickham and Maryville. Newcastle trending suburbs.
Currently occupied by a Martial Arts Academy and Health Retreat this generously proportioned hall offers an approximate internal area of 487m2 which contains a large kitchen/canteen, separate male and female amenities, off street parking, storage with covered deck and green space to the rear of the property. Consider a residential conversion and work with the unique architectural styled property.
Zoned R4, high density residential.
This convenient location offers a smart investment and exciting opportunity in booming inner city with a current annual growth rate of 11.9%. Situated directly across from lush green Hawkins Oval, 1km walk to happening Beaumont Street, 900m to the Mariner, 850m to Wickham Interchange and moments to everything Newcastle has on offer.
With population set to increase by 33.4% by 2036, a $6.55 billion State Government investment has seen the replacement of the heavy rail through the CBD, to make room for a new light rail system on Hunter Street, the new transport interchange at Wickham, construction of the Newcastle City University Campus and much more to revitalise and encourage growth and opportunity in the city of Newcastle and surrounding suburbs.
GST: The property is not be subject to GST when sold