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38/575 Hunter Street

Newcastle NSW 2300

2
2
1
82 m²
Apartment
Currently for sale - view listing

Overview

Set and Forget Investment in the Heart of Newcastle

Nestled within the centrally located Quest Apartments complex, this exceptional two-bedroom unit is the perfect set-and-forget investment. Operating as short term accommodation, leased to The Quest with guaranteed monthly rental return of $28,000 per annum at 4% annual increase. This investment gem offers spacious floor plan and alfresco terrace providing room to move and relax. The bright and airy open plan apartment offers 2 robed bedrooms, master accommodating an ensuite, central bathroom with shower over bath, full equipped kitchen, laundry and airconditioned living. This property offers an exceptional investment opportunity, offering convenience, comfort, and resort-style amenities including a heated pool, spa, and gym. The Quest complex is situated in the thick of the action which means you're just a hop skip and jump away from quality Restaurants and Bars and with public transport at your doorstep you are a short Tram Ride/ Walk to our famous Newcastle Beaches and Harbourside Honeysuckle. Offering both immediate returns and long-term potential, making it an ideal choice for investors seeking a reliable and rewarding property in a prime location. - 2 Generous Robed Bedrooms, ensuite in master - Light filled airconditioned open plan living & Balcony - Family size bathroom with shower over bath - Full size kitchen, equipped with electric cooktop and dishwasher - Secure car park space for one vehicle - Newcastle Beaches 2.4Km/7 Min Drive - Honeysuckle (Restaurants & Bars) 500M/7min Walk - Newcastle Art Gallery 900M/11min Walk This property offers an attractive return of $28,000 p/a, which also includes the following: - 4% annual CPI increases until rental review in June 2026 - Lease expiry 12th June 2030 - PAID BY QUEST: -100% Water Rates and usage, -100% admin fees -50% council rates. OUTGOINGS FOR LANDLORD: - Corporate fees - $2,000 p/qtr approx. - Council Rates - $1,656 p/a approx.

Features

2 bedrooms
2 bathrooms
1 carspace
1 garage space
82 m² lot size
Apartment

Happy sellers in Newcastle

86%
86% of sellers in Newcastle reported that their sale price either exceeded or met their price expectations.

Newcastle stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 46 reviews in Newcastle over the last 12 months.

Local market activity for 2 bedroom apartments in Newcastle

In the last 12 months, 65 two-bedroom apartments similar to 38/575 Hunter Street, have been sold.

This represents a 11% increase in two-bedroom apartments sales when compared to the previous 12 months.

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