Update: this property is under offer. If you would like to be notified should the circumstances change during the cooling off period, please send through an enquiry and we will be in touch.
Located in a quiet little street in an upwardly mobile suburb, this property is currently rented as three individual flats presently returning $755 per week. It’s totally liveable as is but with a makeover to each flat, the return could certainly be increased.
There's enormous potential to create something really special here. It’s certainly a rough diamond at present but it's located close to public transport, dining options, shopping facilities, a short drive to our beautiful beaches and foreshore and only a couple of minutes stroll to beautiful Smith Park. The block is level, north facing and sun drenched and is surrounded by neat and tidy homes some of which have now been beautifully renovated.
The numbers also stack up here; earn an income until leases expire near the end of 2021 whilst you plan your renovation or wait for the DA for your dream home or development to be approved. The possibilities are endless (STCA) and we're sure you'll reap the rewards for your efforts.
Highlights:
Per Unit:
-- One bedroom and a bathroom
-- One carport
-- Air conditioning
-- Combined living space and kitchen with electric cooking
-- Shared laundry facilities
Configured as a home:
-- 436.6sqm block
-- Three bedrooms with ensuites
-- Multiple living spaces
-- Sun filled front porch
Location:
-- Walk to Smith Park or Newcastle show ground every Sunday for local farmers markets
-- McDonald Jones Stadium less than 1km
-- Georgetown Road cafes and retail an easy 1km stroll
-- Broadmeadow Shopping Centre and Waratah Village Shopping Centre easily accessed
This property will be sold via Auction on Saturday 10th July at 12:00pm if not sold prior.
For more info and inspections, please contact Anne on 0416 269 637
