Prime Triple Income Investment in Blue Chip Gosford Location
Are you looking for an outstanding investment opportunity in a thriving growth corridor of NSW? Then look no further than 18 Sinclair Street, Gosford.
Within walking distance of the Gosford Public Hospital, the Gosford train station, and the Gosford Golf Club, this investment opportunity lends itself to capitalising on the future growth of the region and the unrealised potential of the block itself.
Set on a generous 771 square metre R1 zoned block, this solid brick, single level complex comprises 3 x two-bedroom, one bathroom units, each with single covered car parking at the rear of the property. Designed for low maintenance and long term durability, the property offers immediate income with future upside.
Ideally positioned close to Gosford Hospital, local schools and the Gosford CBD, the location is highly sought after by hospital staff, university students and professional tenants. Strong rental demand underpins the area, ensuring consistent occupancy.
Current occupancy rates in Gosford are over 90% and this block has had a 100% occupancy rate for over a decade.
Currently returning a combined $1,070 per week with established tenancies in place, there is clear potential to further increase rental yield and maximise returns.
The brick and tile block consists of 3 x 2 bedroom, 1 bath room, 1 car space apartments. All are suitable accommodation for hospital staff.
Current rents:
#1 $350 per week
#2 $360 per week
#3 $360 per week
Total return: $1,070 per week.
Outgoings:
Council rates: $3,248.60 per annum
Water: $1,185.08
Strata: $0.00
18 Sinclair Street is primed and ready for future development, subject to council approval.
Lot size: 772 m2
FSR: 1.5:1
Height of building restriction: 12 metres (3 to 4 storeys)
Zoning: R1 General residential
A secure, income producing asset in a prime growth corridor, 18 Sinclair is the perfect addition to any astute investor's portfolio. Minor renovation would increase potential yields.
Call Kristian Bingham today to discuss further and book your inspection.
Disclaimer: This website has been prepared for marketing purposes only and may be subject to change without notice. The information and illustrations contained in this website are indicative only and is not to be construed as advice, a recommendation or an offer for the sale or rent of property. Every care has been taken to verify the accuracy of the information contained in this document, but no warranty (either express or implied) is given by Raine & Horne or its agent, as to the accuracy of the contents. Prospective purchasers and/or tenants should conduct their own investigations into all matters relating to the proposed purchase and/or lease of the property.
