MU1 MIXED USE ZONING - HOLDING INCOME PLUS DEVELOPMENT POTENTIAL!

Located within Morisset's strategic MU1 Mixed Use zone, 14 Yambo Street offers immediate rental income with significant future development potential, subject to Council approval.

The site may also fall within the 400m station precinct of the NSW Government's Transport Oriented Development (TOD) program, which allows increased building heights. Purchasers should confirm eligibility through the NSW Planning Portal and their own advisors.

The existing older, well presented building is divided into two self-contained flats, both currently leased:

1/14 Yambo Street
• 2 bedrooms, 1 bathroom
• $460 per week
• Lease expiry: 16 June 2027

2/14 Yambo Street
• 2 bedrooms, 1 bathroom
• $460 per week
• Lease expiry: 11 June 2027

The two flats provide $920 per week in combined rent, so the property pays its way while you plan your next move.

Morisset is identified by Lake Macquarie City Council as a Strategic Economic Centre. It is close to the town centre, shops, schools and Morisset Railway Station, with the M1 Pacific Motorway and Northern Rail Line providing direct links to Newcastle, the Central Coast and Sydney. This is one of the strongest growth corridors in NSW, and opportunities to secure land in the heart of the centre are rare.

Ideally suited to investors and developers seeking long term upside with immediate holding income.

For further information or to arrange an inspection, call or SMS Ben Lawson on 0412 552 024.

Disclaimer: All sizes are approximate. Refer to the sales contract for full details. We have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and satisfy themselves as to all aspects of such information, including without limitation any dimensions, areas, zoning, development potential, approvals and permits. Purchasers should make their own enquiries, seek their own advice, and rely only upon those enquiries and advice.