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Colliers - Newcastle

1, 3 & 5 Edith Street, and 38, 40 & 42 Lorna Street Waratah, NSW 2298

1, 3 & 5 Edith Street, and 38, 40 & 42 Lorna Street,
Waratah, NSW 2298

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Added 4 days ago

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Sale - Expression of Interest closing Wed 2 Oct

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Colliers - Newcastle
Nick Christensen
Ben Robinson

Colliers - Newcastle

Ground Floor, 18 Honeysuckle Drive
NEWCASTLE, NSW 2300
Colliers - Newcastle
1, 3 & 5 Edith Street, and 38, 40 & 42 Lorna Street
Waratah, NSW 2298

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Prime development opportunity opposite Mater Hospital

  • 3,156.5m²* combined site area
  • Six separate titles sold in-one-line
  • Corner site with dual street frontage
The subject comprises a prime, corner development opportunity totalling 3,156.50 square metres* of site area with an elongated frontage and access off of both Edith Street and Lorna Street. The site allows for a potential max gross floor area (GFA) of 2,367.50 and a maximum building height of 8.5 metres under the current LEP.

Zoned R2 Low Density Residential the site offers an abundance of potential redevelopment options including but not limited to centre-based childcare, educational establishments, hospitals, respite day care-oriented development and tourist / visitor accommodation.

Waratah has been identified in the Hunter Regional Plan strategy document as both a regionally significant future housing opportunity area as well as a focus centre for employment. Under the plan the subject properties fall within 1 of 7 key suburbs with a focus for growth and urban renewal.

For Sale by Expressions of Interest closing Wednesday 2 October 2024 at 4pm (AEST)

*Approximate

Property ID: 504668580Last Updated: 21 Aug 2024

Colliers - Newcastle
Ground Floor, 18 Honeysuckle Drive
NEWCASTLE, NSW 2300

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