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Newcastle Herald
Newcastle Herald
National
Renee Valentine

Former Wickham church listed for sale

This unique Wickham property features the former St Gabriel's church at the rear and a separate one-bedroom home.

The former St Gabriel's church in Wickham is expected to attract a range of interest.

Con Tastzidis, of CST Properties, is marketing the unique offering at 57 Albert Street.

The property features a main church building, which is currently being used as an eight-room boarding house.

A second residential property fronts Albert Street. It is an open plan one-bedroom home with around 65 square metres of internal space. It has a large covered outdoor entertainment area with a storage shed at the rear and there is on-site parking for three cars.

The property has a dual street frontage and a site area of around 739 square metres, which is substantially larger than the land size of many of the homes in the surrounding area.

Mr Tastzidis said the property had a consistent record of attracting tenants due to its convenient harbourside location.

It is positioned within minutes of the Newcastle Interchange, harbourside walkways and the Newcastle CBD.

The property's current gross income is around $153,660 per annum.

Mr Tastzidis was guiding around $2.1 million for the property, which he expected to attract investors as well as owner-occupiers.

The property's R2 zoning allows for several other uses, subject to council approval. They include community facilities, education, childcare, medical and tourist/visitor accommodation.

He said there was also the option of converting the church into a residence. Many churches have been successfully repurposed into unique homes in recent times.

The former St Gabriel's church in Wickham is currently being used as an eight-room boarding house.

Multi-tenanted Cardiff industrial investment

Movable's Steven Dick said a "rare" industrial listing in Cardiff provided a steady income through a variety of tenants and expected good interest in the property at 6 Torrens Avenue.

The multi-tenanted property is a deceased estate.

It is fully tenanted and returning over $158,000 per annum net of all outgoings.

Mr Dick said the property was located in Newcastle's "premium industrial suburb" and its seven tenants include international companies, machinists, a dance studio and swim centre.

This multi-tenanted property in Cardiff has been listed for sale.

It is positioned close to residential and business areas and a range of services and goods suppliers.

Mr Dick said it was uncommon for properties such as this to come into the marketplace.

"Owners don't usually sell these kind of cash flow investments," Mr Dick said.

The property is being sold through Openn Negotiation. It has a total land size of 3067 square metres and the building has a total floor size of 1339 square metres. The property has 20 car spaces.

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