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9 Gothic St 0.32 Acres of Commercial Land in Jesmond, NSW 2299
Investment Highlights
- DA-approved student accommodation development site with an approved scheme for 53 self-contained rooms.
- Positioned adjacent to the University of Newcastle’s flagship Callaghan Campus.
- Well-connected to Newcastle CBD and within immediate reach of Jesmond Central’s retail amenities.
- 12 on-grade car parks, expansive indoor and outdoor communal spaces, and rooftop garden feature.
- Strong market fundamentals with Newcastle vacancy rate at 1% and proven PBSA demand.
- University of Newcastle ranked in the top 250 globally, supporting continued long-term accommodation demand.
Executive Summary
Knight Frank presents a prime DA-approved development site at 9 Gothic Street, Jesmond, ideally positioned adjacent to the University of Newcastle’s Callaghan Campus. This approved scheme provides for a purpose-built, three-level student accommodation facility comprising 53 self-contained rooms, 12 on-grade car parking spaces, and extensive communal amenities, including an upper-level rooftop garden designed for functional and aesthetic appeal.
The site offers an exceptional opportunity for developers to capitalize on Newcastle’s thriving student market, underpinned by the University’s strong enrollment base of over 37,000 students and a reported city-wide residential vacancy rate of just 1%. Jesmond is recognized as a key student living hub, supported by shopping amenities at Jesmond Central and linked to Newcastle CBD via established public transport corridors.
Projections indicate a forecast gross income potential of approximately $1,350,000 per annum upon completion, reinforcing the robust return profile of this development. Strong demand combined with strategic positioning near academic, retail, and lifestyle facilities ensures that this offering represents both stability and long-term growth prospects for investors and developers.
The site offers an exceptional opportunity for developers to capitalize on Newcastle’s thriving student market, underpinned by the University’s strong enrollment base of over 37,000 students and a reported city-wide residential vacancy rate of just 1%. Jesmond is recognized as a key student living hub, supported by shopping amenities at Jesmond Central and linked to Newcastle CBD via established public transport corridors.
Projections indicate a forecast gross income potential of approximately $1,350,000 per annum upon completion, reinforcing the robust return profile of this development. Strong demand combined with strategic positioning near academic, retail, and lifestyle facilities ensures that this offering represents both stability and long-term growth prospects for investors and developers.
Property Facts
1 Lot Available
Lot
| Lot Size | 0.32 AC |
| Lot Size | 0.32 AC |
Description
9 Gothic Street occupies a strategic site in Jesmond, NSW, adjacent to the University of Newcastle—a leading higher education institution in Australia. The property benefits from proximity to established public transport options, Jesmond Central shopping center, and essential student services. Jesmond is characterized by high-density student accommodation clusters and strong demand for PBSA developments, reflecting sustained growth in higher education enrollment and supply constraints in local housing markets.
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9 Gothic St
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