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Inspection times

This property can be inspected by contacting Mark Kentwell.

Location and facilities

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15 Elizabeth Street, Tighes Hill

House
Land area 279m2
Bedrooms 2
Bathrooms 2
Car spaces 0

Offers over $800,000


Watch this Listing

Opportunity exists to purchase a truly iconic building in the up and coming inner city suburb of Tighes Hill.

Any who have been past 15 Elizabeth Street would have noticed this gorgeous circa 1900 building known as the School of Arts.
The current owners have set up a beautiful art gallery and cafe in the downstairs section of the property so you will have the opportunity to continue on with this theme and business or transform it to the magical residence that the ornate building is begging for.

Located on a corner allotment of 279sqm it also has back lane access to Union Street; the very same street that heads down to Throsby waters to the gorgeous walking tracks and famous dog fun park. The two story residence is built on zero alignment around the corner and features detailed sandstone blocks stunning decorative brick work and traditional windows.

Upon entry downstairs you are greeted with a large area that would suit an open plan lounge and dining, possibly another bedroom if desired it has high ceilings and vinyl tiles on concrete the next section of the property is currently used as the cafe where a corian commercial grade bench, sink and kitchen has been set up.

Towards the rear of the property are two toilets and a bathroom which open to a large paved courtyard which is leafy and private. There is an old mud brick shed at the rear handy for storage, and opportunity exists to create off street parking from a back lane off Union Street which is a desirable attribute to have in this inner city location.

Upstairs you will find the space divided into two large sections the front being a massive open plan area that is easily large enough for two bedrooms or a bedroom and a sitting area plus an additional large storage area. At the rear of the home you will find that is currently used as a main bedroom, sitting room and a full bathroom and access to a Juliette balcony.

Those with vision will see that that is not just bricks and mortar but an opportunity to transform an already appealing residence into the ultimate home or mixed use dwelling with possible business downstairs and residence upstairs. All enquiries as to future use should be investigated with Newcastle City Council.

Inspections strictly by appointment only, please contact listing agent Mark Kentwell.

Photos coming soon.

Can I afford this property?

Estimated stamp duty (1) $31,490.00
Estimated legal fees (2) $1000.00
Estimated bank/loan fees (2) $800.00
Minimum 10% deposit (3) $80,000.00
Total upfront payment $113,290.00
Monthly repayment on balance of $720,000.00 @ 7% (4) $4,790.17

All figures are estimates only, please confirm with your conveyancer.

1 You may be eligible for first home owner concessions.

2 Estimates only and will vary between different companies.

3 Some financial institutions may not require a full 10% deposit.

4 Minimum repayment based on standard principle & interest loan over 30 years.

Contact Mark Kentwell

PRDnationwide Newcastle

PRDnationwide Newcastle

1 Brown Street
Newcastle, NSW 2300

Agent Mark Kentwell
Phone (02) 4926 0600
Fax (02) 4926 4876

Email Mark

Listing information

This property was listed on 28 Jan 2012 and has been viewed 48 times by 45 visitors.

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