79 Railway Lane

Wickham NSW 2293

Passive Income - Currently fully leased with multiple tenancies with net annual income of $122,504 approx
Location - The Property is located on the northern side of Railway Lane, Wickham, within close proximity to the Port of Newcastle, Newcastle Harbour, Honeysuckle Precinct, CBD and Marketown Shopping Centre. The site is located within a designated Newcastle West End future commercial hub and transport interchange precinct.
Strategic - Numerous State Government and Newcastle Council initiatives surround the West End of Newcastle; planned transport interchange and the planned designated precinct of change for Newcastle's commercial hub and urban growth area. The NSW Government recently announced the construction of a Wickham Transport Interchange incorporating light rail system to replace the existing heavy rail line and a major transport interchange within close proximity to the subject site which will provide greater access of the Newcastle CBD to surrounding suburbs, beaches and the broader Hunter Region.
Potential - Positioned within Newcastle's West End Redevelopment area with the massive land area providing for a multitude of retailing, commercial or mixed residential uses. There has been preliminary drawings completed on the site which comprises 205 residential units within two separate buiding towers. The units vary from one bedroom, two bedroom and three bedroom units (STCA). There has been strong demand for residential unit lifetstyle living within the immediate locality with numerous developments (A a E Life at Throsby', Wickham and A a E Spire', Newcastle West) selling majority of the total development units off the plan successfully before construction has commenced.