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Multi Purpose Accomodation Property In Newcastle For Sale

Newcastle, New South Wales
Asking Price:
$1,250,000 (AUD) Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Currently, 15 room Boarding House.

Within 10 mins drive to Major entertainment, sporting, educational, health facilities.

Short walk to buses and local shopping centre.

Around 2-3 mins drive to several Primary Schools and High School.

The property is suitable for owner occupiers and/or investors looking to expand their property portfolio with a high cash flow business property.

Alternately, it could suit educational, medical, health, religious or other institutional organisations

Fully equipped business property on an large 740 sqm (approx) level block size. 

Rear access with (approx) 310 square metres floor area.

The property consists of 13 single and 2 double rooms approved for a maximum of 17 residents/guests. Other facilities include one commercial and smaller kitchens, shared bathrooms, seperate lounge & dining areas, laundry, visitors room, office and reading room.

Also, there is a large outdoor area which includes, off street parking/carport, terrace & BBQ area,

Previously approved as aged care accommodation and converted in 1995 to its current use and approval of authorised assisted boarding House.

The current R2 low-density zoning allows (with consent) for approval and a development opportunity for various accommodation, health, education, institutional uses. This includes new generation boarding houses, hospitals, respite accommodation, centre-based childcare facilities, community facilities, educational establishments, emergency service facilities, group houses, and tourist and visitor accommodation.

For further information or inspection contact exclusive agents Con Tastzidis of CST Properties. Commercial Real Estate Agents & Business Brokers. Specialsts in Hospitality, Tourism & Leisure Business Property including investments and development sites via our web site.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Owners can live on premises...

Location:

Within 10 mins drive to Newcastle Business area/CBD, Beaches, University, Tafe, Hospital, McDonald Jones Stadium, major shopping centres and train station.

Short walk to buses and local shopping centre.

Around 2-3 mins drive to several Primary Schools and High School.

Premises Details:

The property consists of 13 single and 2 double rooms approved for a maximum of 17 residents/guests. Other facilities include one commercial and smaller kitchens, shared bathrooms, seperate lounge & dining areas, laundry, visitors room, office and reading room.

Size in square feet:
310
Planning Consent:

DA approved 15 room boarding house

Business Operation

Expansion Potential:

The current R2 low-density zoning allows (with consent) for approval and a development opportunity for various accommodation, health, education, institutional uses. This includes new generation boarding houses, hospitals, respite accommodation, centre-based childcare facilities, community facilities, educational establishments, emergency service facilities, group houses, and tourist and visitor accommodation

Competition / Market:

Strong demand for new sites. Google "boarding house demand" and check results

Reasons for selling:

Owner likes to retire

Trading hours:

7 Days

Years established:
24 years

Contact Information

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