Block of 8 Units on One Title

Units 1-8/31 Kitchener Parade are two blocks of units on one title being sold in one line in The Hill Newcastle. <br/><br/>The units have been well maintained and have had minor renovations and upgrades as required under the current ownership. Each unit is a two bedroom configuration with central living space - some with lovely city views and a compact kitchen and bathroom. The property has four off street car spaces and a share laundry facility. Total revenue at full capacity is $133,380, currently two units vacant to facilitate sale that then would go immediately back in to rental market.<br/><br/>There is an opportunity to enjoy current returns or if so desired over time upgrade units to increase rent returns and possibly subject to approval strata title and add significant value. Other potentials are to land bank and look to develop site further.<br/><br/>Property features include:<br/><br/>• Eight separate two bedroom units<br/>• Good views and leaf outlook<br/>• Consistent rental returns<br/>• Potential to increase income<br/>• STLCA potential to strata title adding significant value<br/><br/>The Location: The Hill is an inner city suburb of Newcastle - one of the city's oldest suburbs with a mix of free standing houses, units and apartments. Within walking distance to beaches and the city The Hill is popular with investors wanting strong returns and low vacancy rates. Local shopping precincts include Hunter Street Mall and Darby Street Cooks Hill - with Newcastle Interchange accessed via light rail - also within walking distance.<br/><br/>To be sold by Expressions or Interest closing on Thursday 16th November at 12 noon. Inspections by private appointment or look out for scheduled viewing times.