Owner very committed to sell so act now or you will miss this outstanding opportunity. Calling all investors, self managed super funds, business owners, developers and bargain hunters. The property needs a face lift and there is a very real opportunity to increase rental returns and also boost the capital gains. With Pacific Highway frontage the exposure for your property or business would be outstanding. According to (Part 3 - Town Centre Area Plans Belmont) published by Lake Macquarie City Council properties in this stretch of the Belmont CBD have a 4 storey height allowance subject to council approval so the future could be very prosperous.
Upstairs apartment leased at $220 pw Downstairs commercial vacant at present.
Located on the Pacific Highway between the lake and the ocean Belmont is the major commercial centre for the eastern side of Lake Macquarie area.
Details: Warren Bradshaw 0407438237 Auction: On site 2pm 19th July