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402/111 Scott Street

Newcastle NSW 2300

1
1
1
87 m²
Apartment
Currently for sale - view listing

Overview

Your Next Investment Comes with a View

An exciting investment opportunity in the heart of Newcastle, this boutique apartment, within the historic Terminus Apartment Hotel, combines attractive income potential with the added luxury of having your own holiday escape. Designed for comfort and convenience, the apartment features an open-plan kitchen and living and dining area. The highlight? A sprawling 50m² alfresco terrace overlooking Newcastle Harbour, creating the perfect setting to unwind and take in the views. A designated car space adds further convenience, with Newcastle's vibrant waterfront, popular cafés, restaurants, beaches and public transport all within easy reach. Currently operating within the Terminus Apartment Hotel letting pool, this apartment presents an attractive opportunity for investors seeking a professionally managed, income-producing asset. With historical hotel pool returns indicating an approximate 6%–7% annual yield based on the advertised price guide, the property offers an appealing combination of income potential and lifestyle benefits. The established hotel letting pool provides monthly income distributions, experienced on-site management and a convenient, hands-off investment arrangement. Owners also have the opportunity to enjoy personal holiday stays. Enquire today to obtain a copy of the Terminus Apartment Hotel investment report, detailing returns, management arrangements and additional benefits available to owners. What you'll love: - Historical hotel pool returns indicating approximately 6%–7% annual yield based on the advertised price guide - Open-plan kitchen, living and dining area - Built-in wardrobes - Expansive 50m² alfresco entertaining terrace - Harbour views - Split-system air conditioning - Designated car space - Opportunity for personal holiday stays through the hotel letting pool Whether you're looking to expand your investment portfolio or secure an income-producing property with the added benefit of your own holiday getaway, Apartment 402 presents an opportunity to enjoy the best of both worlds. Please note: This apartment is designated for short-term accommodation and cannot be occupied as a permanent residential dwelling. Personal holiday use is subject to hotel booking arrangements and applicable conditions. Strata Rates: $6,600 p.a. approx. Council Rates: $1,660 p.a. approx. Water Rates: $880 pa approx. + usage Disclaimer: We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Indicative investment yields are calculated using FY2026 hotel pool returns and the advertised price guide of $600,000–$660,000. Returns are after hotel management fees but before strata, council rates, water charges, other ownership expenses and applicable taxes. Historical returns are not a guarantee of future performance. Prospective purchasers are advised to carry out their own investigations and seek independent financial and legal advice.

Features

1 bedroom
1 bathroom
1 carspace
1 open car space
87 m² floor area
Apartment

Property history for 402/111 Scott Street

2024
Sold
$532,000
Private Sale/Treaty on 14 Aug 2024 by Josh Mana, of Green St Property
2011
Sold
Undisclosed
20 Apr 2011

Happy sellers in Newcastle

78%
78% 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 33 reviews in Newcastle over the last 12 months.

Local market activity for 1 bedroom apartments in Newcastle

In the last 12 months, 44 one-bedroom apartments similar to 402/111 Scott Street, have been sold.

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

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