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Early interest in Newcastle East End Parque apartments

Deposits have been taken on more than half the apartments planned for the $13million Parque developmentin Newcastle’s East End.

PRDnationwide is managing expressions of interest in thedevelopment, and agency managing director Mark Kentwell said strong interest from mainly owner-occupiers had attracted early down-payments on half of the27 apartments.

Marketing the expressions of interest process hadbeen low-key, with the first port of call being PRD’s core client database. Prices for apartments are pitched from $685,000.

Given the strong initial interest, Mr Kentwell expected the first exchanges on the properties to be well underway before Christmas.

Parque, on the corner of Bolton and Church streets, proposes 22 two-bedroom and five three-bedroom apartments.

The complex will match the height of adjoining buildings,has allocated public space and 56 car spaces.

Upon approval, building is expected to start in the first quarter of 2016.

The team behind the project is DJB Developments, made up of Newcastle siblings Bernadette and Daniel Connolly, and architect Kevin Snell.

The site once was home to Newcastle East public school. Its heritage-listed building has been incorporated into Snell’s design. The building last housed the Community Justice Centre.

Impressive titleAn unusual property at West Wallsend encompassing seven consolidated lots and a five-bedroom house, is being offered to tender. The lots, which make up 6893 square metres (1.7 acres), are on one title known as 5 Watkins Street.

Also on the title is a new five-bedroom executive house, which features acentral kitchen with and adjoining family room that opens to an outside covered living space.

The agent, Reece Realty Newcastle, says options for the property include subdividing the home and its two lots of landand then utilising the five remaining lots subject to council guidelines.

Tenders close at 5pm,December 14.

OLD SCHOOL: An artist’s impression of Parque, on the corner of Bolton and Church streets, in Newcastle’s East End.

LOTS TO CONSIDER: The land and residence at 5 Watkins Street, West Wallsend, is being offered to tender. The property is comprised of seven lots.

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