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Flat
·
for sale
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New
Four Flats One Outstanding Investment Opportunity
University of Newcastle
· 7 Bedrooms · 4 Baths · Flat
· Parking · Equipped kitchen
University of Newcastle · 7 Bedrooms · 4 Baths · Flat · Parking · Equipped kitchen
A rare opportunity to secure a fully leased 4 flat investment in a tightly held Mayfield East location. Held by the same family for more than 40 years, this is the type of property that seldom comes to market. Currently returning approximately $92,000 per annum, with the potential to increase the gross rental income to over $100,000 per annum, the property offers an impressive income stream from day one together with further scope for rental growth. Unit 1 is a neat and tidy two-bedroom flat featuring two double bedrooms, a comfortable living room, updated kitchen and its own lock-up garage. Unit 2 is also very well presented and offers one bedroom, a separate living room and updated kitchen. Units 3 & 4 were constructed in the early 1990s as a duplex pair. Each features two bedrooms, open-plan living and kitchen, bathroom, separate toilet, internal access to a lock-up garage and a private courtyard. Unit 4 was updated in 2024, while Unit 3 is occupied by an exceptional long-term tenan
A rare opportunity to secure a fully leased 4 flat investment in a tightly held Mayfield East location. Held by the same family for more than 40 years, this is the type of property that seldom comes to market. Currently returning approximately $92,000 per annum, with the potential to increase the gross rental income to over $100,000 per annum, the property offers an impressive income stream from day one together with further scope for rental growth. Unit 1 is a neat and tidy two-bedroom flat featuring two double bedrooms, a comfortable living room, updated kitchen and its own lock-up garage. Unit 2 is also very well presented and offers one bedroom, a separate living room and updated kitchen. Units 3 & 4 were constructed in the early 1990s as a duplex pair. Each features two bedrooms, open-plan living and kitchen, bathroom, separate toilet, internal access to a lock-up garage and a private courtyard. Unit 4 was updated in 2024, while Unit 3 is occupied by an exceptional long-term tenan
Request Details