Located within a quiet complex of Warabrook is this rare property find. Comprising of 3 x 2 bedroom units with a current combined rental income of $865 per week and due for increase at next rent review.
This property would be an ideal opportunity for savvy investors, current landlords looking to build their portfolio, and those looking to purchase into a Super Fund! Conveniently located close to the Newcastle University and just a short drive to the inner CBD, each unit features the following:
* Torrens Title - NO ANNUAL STRATA FEES
* Quiet complex on a 918m2 battle-axe block
* 3 units with functional layouts
* Tidy kitchens
* Open plan lounge and dining areas
* 2 good-sized bedrooms with built ins
* Neat bathrooms with separate tub and shower
* Single lock up garages
* Internal laundries
* Low maintenance court-yards
* Fully insulated ceilings
* Pedestrian path leads directly to Newcastle University
* Just a short distance to local shops and popular amenities
* Current weekly rental returns: Unit 1 $290 pw, Unit 2 $290 pw, Unit 3 $275 pw
* Property history will show very low vacancy rate
* Depreciation allowance available on request
