2/33 Scott St, Newcastle East is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1930. The property has a land size of 132m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in February 2021.
A distinctive free standing terrace with a red bricked faade, blue tiled entrance and Spanish style verandah.
Currently configured as two strata titled properties; Lot 1, the ground floor, is used as commercial office suite. On the upper-level, Lot 2, you will find a 3-bedroom apartment both levels are currently leased. The two strata lots are being sold together, in one line.
Zoned R3 Medium Density Residential, this multi-faceted property could serve as both home and business for owner occupiers, while investors will be impressed by the dual income streams, and renovators and families will see the exciting potential to convert back to a grand home (STCA).
The enviable location of this property cannot be overstated. Stroll around the corner to Newcastle Beach or Nobbys for a morning surf or swim, enjoy breakfast, lunch or dinner at a choice of cafes, bars and restaurants, jump on the light rail to the west end, or walk along the harbour foreshore to Honeysuckle It's all there for you to enjoy.
* Freestanding terrace with right of way via Zaara Street into court yard (maybe suitable for accommodating a small car)
* Lot 1, Commercial Suite, Ground Floor, having 100 sqm on title
* Lot 2, 3-bedroom, 1-bathroom apartment upstairs with open plan living, electric-equipped kitchen and verandahs front and rear, 97 sqm on title.
* Rental Income : Presently $86,000 pa (Plus GST)
* Lease Expiry : Lot 1 Month to Month, Lot 2 Residential - Expiry 20.2.21
* 100m to Newcastle Beach and ocean baths, 600m to Nobbys and Foreshore Park, 500m to the Harbour foreshore; 1600m to University of Newcastle city campus
* Many options for an astute buyers, to purchase for business / investment / residential use or reconfigure to a large inner city home.
* As two Lots being sold, the selling price will be allocated 2/3 Lot 1 and 1/3 Lot 2.
* On Street Parking: The building is entitled to two Resident parking permits and one Visitor permit via Newcastle Council
GST: Lot 1, the commercial suite, is being sold as a 'Going Concern' for GST purposes. Please check with your Accountant regarding GST registration.
(We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.)
The size of Newcastle East is approximately 0.4 square kilometres. There are 8 parks, covering nearly 64.2% of the total area. The population of Newcastle East in 2016 was 1004 people. By 2021 the population was 1061 showing a population growth of 5.7% in the area during that time. The predominant age group in Newcastle East is 50-59 years. Households in Newcastle East are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Newcastle East work in a professional occupation.In 2021, 45.80% of the homes in Newcastle East were owner-occupied compared with 45.60% in 2016.
Newcastle East has 732 properties. Over the last 5 years, Houses in Newcastle East have seen a 2.20% increase in median value, while Units have seen a 17.77% increase. As at 31 August 2026:
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