Nextview Property is proud to present a landmark corner site investment opportunity at 194 Maitland Road, Islington. This site is one of the very few last remaining Gateway sites in touching distance of the Newcastle CBD. This rare site offers a unique opportunity, nestled within walking distance to the Hamilton Railway Station, bustling Beaumont Street cafes/restaurants and Islington Park recreation area. It presents an unparalleled chance for visionary development, harmoniously blending one of the city's most significant urban projects. This setting promises a blend of historical charm in a modern precinct, ideal for a landmark project that will shape Islington's cityscape.
Detailed concept options have been designed with meticulous attention to the SEEP and DCP
Options include but are not limited to:
* 50 units under the affordable housing SEEP
- 5 x Studios
- 20 x 1 bedrooms
- 25 x 2 bedrooms
- 25 x car spaces
- 1 x commercial premises
* 40 units under the DCP
- 19 x 1 bedrooms
- 16 x 2 bedrooms
- 5 x 3 bedrooms
- 46 x car spaces
- 1 x commercial premises
Other property features include:
- Prime corner site with 1619m2* total land area
- High Density Residential zoning allowing for a range of potential re-development outcomes (STCA)
- Two street frontage spanning 85m*
- Fully leased commercial site returning approximately $140,000 per annum
- Expansive and uninterrupted CBD and park views from level 2 upwards*
- Surrounded in all directions by esteemed educational institutions, as well as major shopping and lifestyle options
- Direct proximity to key transport hubs (Train, Bus, City, Airport)
Expressions of Interest closes 19th August 2024 at 4pm.
*Indicates approximate and prospective purchasers should rely on their own investigation when assessing the property
*STCA means subject to council approval
*Outline of site is indicative only
