Set on a generous 632m² allotment, this well configured investment property offers multiple income streams in a highly sought after student precinct close to University of Newcastle.
The main residence features an open plan layout with five bedrooms, each rented on individual leases, providing flexibility and strong ongoing demand.
Complementing the house are two additional self contained dwellings:
• Studio accommodation comprising two bedrooms with kitchen and bathroom, leased on individual agreements
• Granny flat offering three bedrooms, a compact living area, kitchen and main bathroom, also leased on single room arrangements
Positioned in a popular student area with shopping facilities, parks and public transport all easily accessible, the property enjoys consistent tenant demand and reliable occupancy.
An ideal investment opportunity delivering strong cash flow, with scope for further improvement.
Current gross rental income: $1,510 per week
Rent potential: $1,675 per week.
For an Information Memorandum or further details contact exclusive listing agent Allen Reece on 0409 814 400.
