Discover this prime waterfront property, perfectly positioned to maximize your return on investment. Currently configured as three separate flats, this versatile residence offers excellent rental income potential or the option to convert into a spacious family home with ease. Features include: Upstairs: A generous three-bedroom layout with built-in robes, a three-way bathroom, and an original kitchen. The open dining and living area flow seamlessly onto a covered verandah, offering breathtaking water views—perfect for relaxing or entertaining guests. Downstairs: Divided into two self-contained flats, each featuring a kitchenette, combined dining/living space, and a comfortable bedroom. Each unit includes a compact, functional bathroom with shower and toilet—ideal for tenants or extended family. Shared Amenities: All units are accessed via a common foyer and share a laundry area downstairs. Prime Location: Situated on a level block adjoining the waterfront reserve, with excellent side access for off-street parking. The property’s position ensures privacy, tranquility, and direct water access. This property is an outstanding opportunity for investors or those seeking a flexible living arrangement in a sought-after waterfront setting. Whether you choose to rent out the flats or create a stunning single residence, the potential is immense. Don’t miss your chance to secure this unique waterfront asset. Contact us today to arrange an inspection! Inspections by appointment only as property is currently leased. • Lemon Tree Passage is only 30 mins to Nelson Bay, 20 mins from Newcastle Airport, 45 mins to Newcastle • Currently configured as three separate flats, returning $1,060 per week. Market rent potential approx $1,350 per week • Council Rates: $2,630 p.a (approx.) Water Rates & Usage: $1,200 p.a (approx) Electricity: $1,800 p.a (approx) Disclaimer: Whilst Portside Real Estate takes great care in obtaining information from sources, we believe to be reliable - in the preparation of this advertisement and information contained herein. Portside Real Estate cannot however warrant, represent or guarantee the accuracy, or completeness of the information and therefore, cannot accept liability resulting from reliance on this information. Portside Real Estate strongly recommends potential purchasers make their own independent inquiries and investigations before purchasing.
