The ultimate investment for builders, investors and superannuation funds alike. The potential is huge for this building to be restored as is, redeveloped into larger quality units or maybe hospitality accommodation or other similar businesses subject to Council approval. The 3 storey building comprises 16 studio apartments plus a 1 bedroom unit. Situated on approximately 559sqm block in the heart of Newcastle and near beaches, cafes and restaurants. Zoned R3 Medium Density Residential. Century 21 Carkeet Johns Smith Real Estate at Charlestown – Smarter Bolder Faster. Contact us for an inspection.