Tailor-made for the student lifestyle, this council approved eight bedroom/two bathroom boarding house is situated approximately 600m from the University of Newcastle grounds and promises attractive prospects for investors seeking a property of scope and substance. It's an outstanding chance to reap the multiple income rewards of a potentially high performing investment given its location and the fact that a lot of the initial hard work has already been done.
Smartly furnished and fresh interiors feature a warm, lounge room equipped with gas heating, separate dining room, a modern fully equipped kitchen with gas cooker, two bathrooms plus a laundry with third w.c. The 632sqm block has dual access off Moore Street and driveway parking for a couple of vehicles. With rents starting at $140 per week, this lucrative property has the potential to return approximately $1200 per week when fully let.
* Single level boarding house offered as ready-made and fully furnished accommodation
* Separate lounge and dining areas; all 8 bedrooms appointed with ceiling fans
* A choice of two bathrooms plus an additional w.c
* Less than five minute's drive from everyday essentials at Stockland Jesmond
* Superb opportunity for investment (SMSF, individuals, corporations)
