One of the rare opportunities to forge a new landmark! Take advantage of this premium tightly held holding approx. 560m2 within this prized suburb. Suspended above Scenic Drive and accessed from Hickson Street, this original residence is set for a complete revival or knockdown and rebuild. F lanked by some of Newcastle's iconic properties and offering sweeping views north, it gazes out toward Barrington Tops, CBD, Harbour, Stockton Bight,The Hill and ocean. Immersed in one of the city's most spectacular coastal settings, the potential offered here is endless, ripe for renovation or prime development.
* Built over two levels with stunning views from living areas.
* 4 bedrooms, lounge, dining, family, sunroom.
* Double garaging plus workshop, storage.
* Walk to ocean baths and beach.
* Accessed via Hickson Street and Gregory Crescent.
* An amazing opportunity on offer - for the astute buyer!
* Currently tenanted at $600 per week.
Council Rates: $3,032 PA approx
Water Rates: $700 + Usage PA approx
Rental Potential: Currently $600 PW approx