Portfolio Sale - Impressive block of units with expansive Lake Macquarie views on large block

Being offered for sale by In-Room Auction as part of sale of Portfolio, this freestanding block of five units on one title could be the opportunity you have been waiting for to add to or begin a quality real estate portfolio with solid returns opposite Lake Macquarie.

All units are spacious one bedrooms, with good size living and dining spaces, updated kitchens with plenty of cupboard space.

Located opposite Lake Macquarie with uninterrupted lake views, on a large 1,157 m2 R3 zoned block this rare offering screams development potential with a variety of options STLCA.

Literally opposite Lake Macquarie this impressive property must be seen.

Features include

• Five generous one bedroom units all with built ins
• Good sized living areas
• Updated kitchen and bathroom
• Separately metered for water and electricity
• Undercover parking at rear
• Large 1,157m2 block - approx 20mtrs by 60mtrs
• Uninterrupted Lake Macquarie views
• Gross return of $99,320 per annum

To be sold by Auction in Rooms on Wednesday 12th February at 1pm - The Mercure Hotel, 12 Steel Street Newcastle West.

Pest & Building Reports available.

For Info Pack with additional info including unit specifics and additional photos and related information email agent - view at scheduled times.

Outgoings
• Water: $1,528.26 pq - Approx.
• Council: $541.50 pq
• Insurance: $5,945.00 pa
• Yard Maintenance: $3,840.00 - Approx.

Current Rental Return
• $98,800 per annum

Explore the area

School catchments

Speers Point Public School Primary K-6 Government 0.75km
Lake Macquarie High School Secondary 7-12 Government 1.5km
Booragul Public School Primary K-6 Government 1.6km
Boolaroo Public School Primary K-6 Government 1.6km
Biddabah Public School Primary K-6 Government 1.6km
Teralba Public School Primary K-6 Government 1.8km
Booragul Primary School Primary Catholic 1.9km
St Paul's Catholic College Secondary 7-12 Catholic 2.0km
St Mary's Primary School Primary K-6 Catholic 2.6km
Warners Bay High School Secondary 7-12 Government 2.7km
Warners Bay Public School Primary K-6 Government 2.8km
Argenton Public School Primary K-6 Government 3.0km
Eleebana Public School Primary K-6 Government 3.3km
Fennell Bay Public School Primary K-6 Government 3.6km
Cardiff Public School Primary K-6 Government 3.8km
Cardiff South Public School Primary P-6 Government 4.0km
Mount Hutton Public School Primary K-6 Government 4.3km
Fassifern Public School Primary K-6 Government 4.4km
Cardiff High School Secondary 7-12 Government 4.5km
Glendale Technology High School Secondary 7-12 Government 4.7km
Charlton Christian College Combined K-12 Independent 4.7km
Newcastle Waldorf School Combined K-12 Independent 5.4km
Macquarie College Combined K-12 Independent 5.4km
Toronto High School Secondary 7-12 Government 6.3km
Hunter Sports High School Secondary 7-12 Government 6.6km
St Mary's Catholic College Secondary 7-12 Catholic 6.6km
West Wallsend High School Secondary 7-12 Government 7.2km
Belmont High School Secondary 7-12 Government 7.6km
Belmont Christian College Combined K-12 Independent 7.8km
Kotara High School Secondary 7-12 Government 7.9km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.