Property Details: • Type: Block of Units

• Bedrooms: 8 • Bathrooms: 8

Description: Set on a 698 m² parcel just moments from Darby Street and Newcastle's coastline, this rare investment or development opportunity offers prime potential in one of the city's most tightly held suburbs. This address is primed for the next phase with eight one-bedroom units currently under a single title and draft plans prepared for four luxury three-storey townhouses. Property Description Welcome to 22 Nesca Parade, The Hill-a premium site offering strong rental return now and substantial development potential later. Occupying a generous 698 m² block with a wide 20.5m street frontage and commanding views over Newcastle, this rare property presents a compelling opportunity for developers, investors, or land-bankers looking to secure a strategic foothold in this prestigious enclave. Currently comprising eight tidy, self-contained one-bedroom units, the property delivers a reliable rental income and scope for value-add improvements. For developers, concept plans have already been drawn up for four architecturally designed, three-storey townhouses, and they are ready to move forward to DA submission (STCA). Located only 400 metres from Darby Street, less than 1 km from Bar Beach and Newcastle CBD, and within walking distance to shops, cafes, and transport, this sort of site offers a rare development opportunity Geographical Highlights Distances are approximate from 22 Nesca Parade, The Hill: Set on a 698 m² parcel just moments from Darby Street and Newcastle's coastline, this rare investment or development opportunity offers prime potential in one of the city's most tightly held suburbs. This address is primed for the next phase with eight one-bedroom units currently under a single title and draft plans prepared for four luxury three-storey townhouses. Property Feature Highlights • 698 m² parcel on one title - exceptional redevelopment potential (STCA) • Eight x 1-bedroom units - income-producing asset with value-add potential • Concept plans for 4 x 3-storey townhouses - DA-ready (not yet submitted) • Stunning elevated views - overlooking Newcastle cityscape • Development-friendly topography - already flat and wide street frontage • Tightly held blue-chip location - high owner-occupier and prestige value • Rare site offering - seldom found in this tightly held suburb Geographical Highlights Distances are approximate from 22 Nesca Parade, The Hill: • Darby Street cafes & shops - 400 m • Bar Beach - 900 m • Newcastle Beach - 1.4 km • Newcastle CBD - 1.4 km • King Edward Park - 1 km • Newcastle Interchange - 2.3 km • The Junction Shopping Village - 1.6 km • Newcastle Grammar School (Hill Campus) - 700 m • Newcastle University City Campus (NUspace) - 1.7 km This property offers flexible potential: hold and collect rental income, renovate to maximise yield, or push ahead with townhouse development (STCA). With plans drawn, views secured, and location second to none, this is your chance to transform one of Newcastle's premier addresses. Disclaimer: Information contained on any marketing material, website, or other portal should not be relied upon. You should make your enquiries and seek your independent advice about any property advertised or the information about the property. All additions, changes, and developments are subject to council approval. Distances are approximate.