This prime site of 505m2 offers a 20.5 metre frontage and is positioned within walking distance to Newcastle University and Jesmond shopping centre.
Presently this home is being rented to quality University students as a four bedroom home returning $610.00 per week with the option of a fifth bedroom which allows you to capitalise on the high yield returns from student accommodation in this area.
This is a rare development opportunity with the land positioned within the medium density zone of R3 allowing for better land usage.
There is an opportunity to build a second dwelling or future develop with dual occupancy subject to (NCC).
An added enhancement is where the house is positioned on the site being to the front left of the block.
There is a modern kitchen complete with gas cooking, ample cupboard and bench space.
Two modern bathrooms with separate facilities in each complete with internal laundry.
This house comes fully furnished with quality tenants in place ready for the new University year.
To view this prime property that is in a sought after investment position contact exclusive agent Allen Reece on 0409 814 400 or email direct at allenreece@reecerealty.com.au
Allen Reece : 0409 814 400
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