1-5/20 Railway Road

New Lambton NSW 2305

Block of units

Currently for sale - view listing

Overview

Block of 5 Units - Excellent Returns in Well Maintained Low Maintenance Complex

Positioned within a tightly held pocket of New Lambton, 20 Railway Road presents a compelling investment opportunity comprising five existing one-bedroom units on a substantial 556m2; R2 Low Density Residential site. Currently returning $86,060 per annum with total potential returns of approximately $107,900* per annum fully let, the property provides an immediate multi-income stream, with potential to increase rental income through market adjustments and further unlock value through the subdivision of the existing units into five separate strata-titled lots, subject to the necessary approvals. Each one-bedroom unit provides a functional, low-maintenance layout, complemented by shared laundry facilities and four undercover carport parking spaces. The established configuration presents a straightforward investment opportunity today. The approximately 556m2, predominantly rectangular and level site benefits from approximately 16.9m frontage to Railway Road, with side boundaries of approximately 33.6m and a rear boundary of approximately 16.9m. Located within close proximity to New Lambton's village precinct, local shops, cafes, transport connections, quality schools and major employment hubs, the property benefits from strong tenant appeal and the suburb's highly convenient lifestyle offering. Whether held as a secure multi-income investment, explored for strata subdivision or considered for future enhancement, 20 Railway Road offers the opportunity to acquire an established asset with genuine scope to unlock further value in one of Newcastle's most sought-after residential locations. Property Highlights • Five existing one-bedroom residential units • $86,060 per annum current rental return • Potential rental income of $107,900 per annum* • 556m2* level R2 Low Density Residential site • Approx. 16.9m Railway Road frontage • Approx. 33.6m side boundaries • Shared laundry facilities • Undercover carport parking for four cars • Potential to subdivide into five separate strata-titled lots (STLCA) • Tightly held New Lambton location • Strong existing income with future upside Property Details • Sale Method: Expressions of Interest closing Friday 18 September at 12pm • Settlement Period: 35 days • Council Rates: $2,916.00 per annum • Water Rates: $5,276.52 per annum • Current Rental Income: $86,060.00 per annum • Potential Rental Income: $107,900.00 per annum* • Zoning: R2 Low Density Residential • Land Area: 556m2* To arrange a private inspection please contact the agent or email for full information pack. Disclaimer: We have obtained this information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations and make their own enquiries. *Potential rental income based on current rents, including an estimated $420 per week for Unit 1 if leased. Figures are estimates only and subject to market conditions and change. Land area approximately.