23 Blue Gum Road, Jesmond NSW 2299


23 Blue Gum Road

  • Sold

Income producing asset with development approval

Expressions of Interest closing Thursday 16 December 2021 at 4pm

One of the remaining un-developed sites directly opposite Jesmond Central and leased to well known Jesmond Fruit Barn.

The building provides 35%* site coverage and is returning an income of $195,000* per annum plus GST. The remainder of the site provides on grade parking for up 23* vehicles.

The property benefits from a current DA approval to develop 27 residential apartments and one commercial suite giving immediate opportunity to unlock further value.

- Total income of $195,000* + GST
- Tenanted investment to Jesmond Fruit Barn
- Total site area of 1,613sqm*
- DA approval for 27 apartments and one commercial suite
- Close to amenity and transport
- Four individual titles

*Approximately and outline indicative only

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