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Auction Location: On Location - 3 Young Street, Cooks Hill NSW 2300. <br/><br/>*Covid compliant open home. Please contact the below agent to book your COVID Compliant inspection.<br/><br/>Explore a world of exciting possibilities with this multi-faceted property positioned in a quiet cul-de-sac on the cuff of Darby Street. This tightly held property comprises a four-bedroom residence with separate one-bedroom flat, and a studio apartment above the double garage. Fully let, including the garage, this exciting real estate prospect provides the astute investor with immediate and ongoing returns.<br/><br/>The R3 Medium Density zoning and 442.6sqm landholding will pique your interest. Live in the house and run your business from the studio. Add value with a contemporary renovation. Hit the reset button with a brand-new home or use the approximate 12.9m frontage and deep block to double your investment with the construction of a duplex, all subject to council approval of course.<br/><br/>From here, it's an easy stroll or bike ride to Bar Beach for a swim or surf. There's an amazing choice of cafes, restaurants, corner pubs and speciality stores all easily accessible on foot in Darby Street and The Junction, along with Harris Farm, Cooks Hill Medical suites, and Genesis Fitness club. And Newcastle city centre and the harbour with all its attractions are also close by.<br/><br/>Balancing lifestyle and location with a world of exciting options for investors, homebuyers, and business owners alike, this is an opportunity not to be missed.<br/><br/>- Four-bedroom home returning $1,000 pw<br/>- One-bedroom flat returning $400 pw<br/>- Studio apartment returning $480 pw<br/>- Double garage returning $150 pw<br/>- 442.6sqm block with approximate dimensions of 12.90 X 36.65/37.90<br/>- 450m from Harris Farm Markets and Cooks Hill Medical suites<br/>- 800m to beautiful Bar Beach, 600m to The Junction<br/><br/><br/>Outgoings:<br/>Council Rates: $798 approx. per quarter<br/>Water Rates: $274.62 approx. per quarter<br/><br/>This property is being sold under the Online Friendly Auction System.<br/><br/>An independent pest & building report is available on request at no charge to you. This is the type of report your solicitor would usually recommend purchasing before bidding at an auction or before making an unconditional offer prior to auction and are conducted by a panel of reputable companies. The companies have consented to friendly auction terms and will generally be happy to speak to you about your queries in reports and in most cases transfer the reports into your name if you are the successful buyer at auction or prior to auction: see each report for details.<br/><br/>Flexible deposit and settlement conditions are also available by negotiation with the agent if required.<br/>Offers can also be made prior to auction and each offer will be assessed on its merits.<br/><br/>Live streaming auction. Bid and buy with confidence in this consumer driven, transparent auction system that was pioneered here in Newcastle but is now in use across Australia. We also have a downloadable guide available on our website.<br/><br/>**Health & Safety Measures are in Place for Open Homes & All Private Inspections<br/>**All inspection attendees will have to answer a health and safety survey to qualify for the inspection of the property<br/><br/>Disclaimer: <br/>All information contained herein is gathered from sources we deem reliable. However, we cannot guarantee its accuracy and act as a messenger only in passing on the details. Interested parties should rely on their own enquiries. Some of our properties are marketed from time to time without price guide at the vendors request. This website may have filtered the property into a price bracket for website functionality purposes. Any personal information given to us during the course of the campaign will be kept on our database for follow up and to market other services and opportunities unless instructed in writing.
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