1/16 Church StreetNelson Bay NSW 2315
Property Details for 1/16 Church St, Nelson Bay
1/16 Church St, Nelson Bay is a 6 bedroom, 2 bathroom Unit with 4 parking spaces and was built in 1970. The property has a land size of 195m2 and floor size of 3m2. While the property is not currently for sale or for rent, it was last sold in November 2021.
Last Listing description (September 2024)
Introducing an unparalleled real estate opportunity nestled in the heart of Nelson Bay, 16 Church Street offers a rare blend of convenience, potential, and modern living. Spanning across 1028 sqm and comprising of two existing strata-titled duplexes, this property presents an enticing investment prospect with both immediate rental income and future development possibilities.
Unit 1 of the duplex boasts three bedrooms, one bathroom, and a garage, complemented by an additional two-car garage on title. Meanwhile, Unit 2 offers three bedrooms, one bathroom, and a garage. Currently vacant but historically generating consistent rental income, these duplexes provide a solid foundation for your investment portfolio.
Included in the sale are the DA approved plans, authorised on the 12th of November 2021 and valid until November 2026, offering a vision of a contemporary three-story building with basement car parking. This architecturally designed structure comprises:
Six spacious apartments featuring three bedrooms and two bathrooms, including one ensuite.
Six elegant apartments offering two bedrooms and two bathrooms, including one ensuite.
Thoughtfully designed open-plan kitchen, living, and dining areas.
Convenience-enhancing internal lift and laundry facilities.
Secure underground parking for twenty-two vehicles, along with four visitor spaces and a bathroom.
Dedicated storage areas allocated for each apartment.
Rooftop alfresco entertaining spaces and BBQ facilities.
Beyond the allure of the proposed development, this property boasts a range of additional features:
Potential rental income from the existing duplexes.
Proximity to Nelson Bay CBD, offering easy access to amenities, dining, and entertainment options.
Conveniently located just a 28-minute drive from Newcastle Airport and a 54-minute drive from Newcastle CBD.
Accessible within a 3-hour drive from Sydney, making it an ideal coastal retreat or investment destination.
With the groundwork laid and the potential for both immediate returns and future development, 16 Church Street represents a compelling investment opportunity. Whether you choose to proceed with construction or leverage the existing rental income, the choice is yours. Don't miss out on this unique chance to secure your place in Nelson Bay's thriving real estate market. Contact Michael Kirby today at 0423 792 829 to arrange an inspection and explore the possibilities first-hand!
Property History for 1/16 Church St, Nelson Bay, NSW 2315
- 29 Apr 2024Listed for Sale Contact Agent
- 23 Nov 2021Sold for $900,000
- 12 Aug 2021Listed for Rent - Price not available
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0About Nelson Bay 2315
The size of Nelson Bay is approximately 15.8 square kilometres. It has 24 parks covering nearly 56% of total area. The population of Nelson Bay in 2011 was 5,396 people. By 2016 the population was 5,811 showing a population growth of 7.7% in the area during that time. The predominant age group in Nelson Bay is 60-69 years. Households in Nelson Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nelson Bay work in a trades occupation. In 2011, 61.4% of the homes in Nelson Bay were owner-occupied compared with 63.6% in 2016.
Nelson Bay has 6,064 properties. Over the last 5 years, Houses in Nelson Bay have seen a 63.78% increase in median value, while Units have seen a 69.78% increase. As at 31 October 2024:
- The median value for Houses in Nelson Bay is $1,011,265 while the median value for Units is $725,965.
- Houses have a median rent of $570 while Units have a median rent of $500.
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