A large property within close proximity to Charlestown Square that has Development Application approval for 26 lots and 25 dwellings has had a "significant" price reduction.
Commercial Collective's Matt Kearney and Adam Leacy are marketing the site of around 1.1 hectares at 76 Pacific Highway, Charlestown and 50 Bean Street, Gateshead. It is described in marketing as "a rare and exciting DA approved residential infill subdivision".
It had a guide of $2.5 million last year which has now been changed to $1.95 million plus GST.
Mr Kearney reported interest has come from developers, home builders and people looking to purchase an end product.
"Location is a big plus. It's close to Charlestown Square and the family demographic is there," Mr Kearney said.
"The DA is a community title DA, which means the land is Torrens Title but everyone contributes to a community piece of land."
The property has access via an existing residence at Bean Street with a secondary access off the Pacific Highway. The approved DA provides for the main point of access to be via Bean Street. It has around 16 metres of frontage to the Pacific Highway and a 17-metre frontage to Bean Street.
Commercial Collective are also offering A grade office space for lease in Charlestown's Landmark Building.
Mr Kearney said the property on level 2 at 215-217 Pacific highway offers "incredible exposure" and with a modern, high-quality office fit-out would suit a range of professional service businesses including medical, legal, consultancy and financial.
There is a large reception and waiting area, partitioned offices, a large boardroom and "ample" staff breakout areas.
In addition, there is around 240 square metres of open plan office space, extra basement storage of around 20 square metres and 10 secure car spaces plus visitor parks.
It is being leased for $190,000 plus outgoings plus GST per annum, which Mr Kearney described as comparative to other office premises in Charlestown and Newcastle and as "very competitive rent and good value".