A rare opportunity to acquire a shovel-ready boutique apartment development with the added advantage of immediate holding income, positioned on a prominent dual-street corner site at Marks and Turner Street, Belmont.
Set on approximately 765sqm, the site currently accommodates two existing residential dwellings, providing a valuable rental income stream while planning, approvals or construction timelines are finalised.
The approved development has been thoughtfully designed to maximise street presence, natural light, privacy, and efficiency, delivering a high-quality residential outcome in one of Lake Macquarie\u8217?s most tightly held coastal markets.
Development Overview
\u8226? Boutique development comprising 7 apartments and kiosk
\u8226? Mix of 1, 2 and 3-bedroom residences
\u8226? Apartment sizes approx. 99sqm \u8211? 135sqm (internal & outdoor)
\u8226? Private balconies and courtyards
\u8226? Secure parking allocated to each residence
\u8226? Lift access servicing all levels
\u8226? BASIX-compliant with solar provisions
\u8226? Durable, low-maintenance construction
Holding Income Advantage
\u8226? Two existing dwellings on site
\u8226? Provides immediate rental return
\u8226? Ideal for developers seeking to offset holding costs prior to construction
\u8226? Flexibility to stage or time delivery to market conditions
Prime Coastal Location
\u8226? Dual frontage to Marks Street & Turner Street
\u8226? Walking distance to shops, cafes and essential services
\u8226? Close to Belmont CBD and Lake Macquarie foreshore
\u8226? Strong owner-occupier and rental demand
\u8226? Proven appeal for lifestyle-driven apartment buyers
The Opportunity
An outstanding income-producing development opportunity, ideally suited to developers or investors seeking a well-designed, scalable apartment project in a blue-chip coastal location \u8212? with income today and upside tomorrow.
For further information, contact Team O\u8217?Doherty \u8211? Projects & Prestige Property Specialists
Disclaimer: The information contained herein is provided for informational purposes only and is subject to change without notice. While every effort has been made to ensure accuracy, the agent does not warrant the completeness or correctness of the information and shall not be liable for any loss, damage, or claim arising from reliance upon this advertisement.
