Brilliant opportunity for investors in coveted pocket of Kotara

This large block in a quiet corner of Kotara offers up a myriad of opportunities for the astute buyer. Renovate the current house and add a duplex or dual townhouses at the back of the property for multiple income streams. Alternatively, remove the current house and utilise the entire 727sqm block to build contemporary townhomes which are highly prized in this hot rental market or develop them to on-sell. <br/><br/>As well as offering opportunity for investors to capitalise on this generous block in this coveted pocket of popular Kotara, this primo block is ideal for those looking to build their forever home. If you can beat the developers to this exceptional block of land it is the ideal spot for that 5 bedroom family home you have been dreaming of complete with huge outdoor entertaining area, tropical pool area and more. There will be no compromises with this premium block. Either way the property currently boasts an imminently rentable house with 2 bedrooms, 1.5 bathrooms, air con and a huge yard in a sought after location that can be tenanted until you have developed your plans, they have been cleared council and building is underway. <br/><br/>Kotara is a renascent suburb increasingly in popularity even more over the last few years – in demand for its family friendly character, quiet, wide, leafy streets and incredibly convenient position. This property sits in a private enclave away from major roads but is a stone's throw to the popular shopping, cinema and dining hub of Westfield Kotara and the Homemaker Centre and is just 6 minutes from Charlestown Square. It is within walking distance to quality schools and public transport. Finally, this prime parcel of land is just 2 kilometres to the Inner city bypass but also just 11 minutes to Newcastle's beautiful beaches! Act fast, as with this many viable options for development there will be a lot of interest in 75 Springfield Avenue.<br/><br/><br/>- 727sqm block with potential for 3 townhouses(subject to council approval)<br/>- Alternatively, renovate the current house and add 2 townhouses at the back of property<br/>- Excellent block for large contemporary executive or family home <br/>- Currently home to 2 bedroom, 1.5 bathroom house - rental value $480 to $520 per <br/> week.<br/>- Positioned in quiet street next to park in coveted enclave of Kotara<br/>- 550 m to Kotara South Public Primary School, 650m to St James' Catholic Primary, 1.9 <br/> km to Kotara High<br/>- 3 minutes to Westfield Kotara, 6 minutes to Charlestown Square<br/>- 4 minute drive to Inner City Bypass<br/>- 10 minutes to John Hunter Hospital <br/>- 11 minutes to Merewether Beach<br/><br/>Outgoings:<br/>Council rates: $2,352 approx. per annum<br/><br/>Disclaimer: <br/>All information contained herein is gathered from sources we deem reliable. However, we cannot guarantee its accuracy and act as a messenger only in passing on the details. Interested parties should rely on their own enquiries. Some of our properties are marketed from time to time without price guide at the vendors request. This website may have filtered the property into a price bracket for website functionality purposes. Any personal information given to us during the course of the campaign will be kept on our database for follow up and to market other services and opportunities unless instructed in writing.