Held by one owner for more than 37 years, this tightly held block of 12 apartments presents an exceptionally rare large-scale Newcastle investment opportunity. Meticulously maintained over decades and offered on a single title, the complex combines immediate holding income with significant long-term upside on a substantial 1,245sqm double block landholding.
Each oversized apartment features two robed bedrooms, spacious open plan living and dining, a generous kitchen/meals area, shower bathroom, private balcony and allocated car space. Fully leased, the property offers strong cash flow from day one, while the consistently maintained presentation reflects the genuine pride of ownership behind this much-loved family asset.
For investors, the options here are as broad as the site itself:
Continue enjoying the reliable income stream as is, currently $277,000 p.a.
Undertake strategic renovations to enhance rental returns and unlock instant value
Individually strata and sell each apartment separately for immediate upside (STCA)
Landbank within one of Newcastle's most transformative growth corridors
Positioned on the southern edge of the 313-hectare Regionally Significant Growth Area identified within the Broadmeadow Place Strategy, the property sits firmly within the momentum of Newcastle's evolving urban future. The strategy outlines a major mixed-use town centre surrounding Broadmeadow Station, a world-class sports and entertainment precinct at Hunter Park, a new arena beside McDonald Jones Stadium and protected mass-transit corridors including the Belford–Tudor Urban Corridor.
The scale and positioning of this holding may place it well within the conversation for future higher-density redevelopment outcomes, subject to council approval.
-Broadmeadow Station – 600m
-Newcastle Racecourse – 100m
-Merewether High – 400m, Adamstown Public – 900m
-Honeysuckle – 3.8km, Bar Beach – 3.8km
* This information, including but not limited to photographs (which may show boundaries), copywriting, floorplans, and site plans, has been prepared solely for the purpose of marketing this property. While all care has been taken to ensure accuracy, we do not accept any responsibility for errors, omissions, or inaccuracies. We strongly recommend that all interested parties make their own enquiries and seek independent advice, including speaking with their conveyancer regarding boundaries and, where appropriate, obtaining a surveyor's report, to verify the information provided.
