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Flat
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for sale
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Block of 5 Units Excellent Returns in Well Maintained Low Maintenance Complex
Raymond Terrace
· 5 Bedrooms · 5 Baths · Flat
· Parking
Raymond Terrace · 5 Bedrooms · 5 Baths · Flat · Parking
Positioned within a tightly held pocket of New Lambton, 20 Railway Road presents a compelling investment opportunity comprising five existing one-bedroom units on a substantial 556m2; R2 Low Density Residential site. Currently returning $86,060 per annum with total potential returns of approximately $107,900 per annum fully let, the property provides an immediate multi-income stream, with potential to increase rental income through market adjustments and further unlock value through the subdivision of the existing units into five separate strata-titled lots, subject to the necessary approvals. Each one-bedroom unit provides a functional, low-maintenance layout, complemented by shared laundry facilities and four undercover carport parking spaces. The established configuration presents a straightforward investment opportunity today. The approximately 556m2, predominantly rectangular and level site benefits from approximately 16.9m frontage to Railway Road, with side boundaries of approxi
Positioned within a tightly held pocket of New Lambton, 20 Railway Road presents a compelling investment opportunity comprising five existing one-bedroom units on a substantial 556m2; R2 Low Density Residential site. Currently returning $86,060 per annum with total potential returns of approximately $107,900 per annum fully let, the property provides an immediate multi-income stream, with potential to increase rental income through market adjustments and further unlock value through the subdivision of the existing units into five separate strata-titled lots, subject to the necessary approvals. Each one-bedroom unit provides a functional, low-maintenance layout, complemented by shared laundry facilities and four undercover carport parking spaces. The established configuration presents a straightforward investment opportunity today. The approximately 556m2, predominantly rectangular and level site benefits from approximately 16.9m frontage to Railway Road, with side boundaries of approxi
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