Quality Unit Block Offering Growth, Stability & Future Potential

This freestanding block of five units is a rare and outstanding investment opportunity in a highly sought-after location. With long-term tenants and plenty of scope to add value over time, opportunities like this are few and far between!

Each unit offers two generous bedrooms with built-ins, all on one convenient level. Enjoy a spacious living area with high ceilings and air-conditioning, a large original bathroom with internal laundry, and a separate, well-proportioned kitchen featuring ample bench and cupboard space.

Every unit also comes with its own private grassed backyard and single carport, adding to their appeal for current and future tenants.

Set in a prime position with lake views and just minutes from the vibrant Warners Bay shopping precinct, this property promises strong long-term growth and the exciting potential to strata-title the complex in the future (STLCA) to further maximise your return.

A blue-chip investment with value-adding upside-don't let this exceptional opportunity pass you by!

Features include
• Practical spacious floor plan to all
• Built in robes to bedrooms
• Good size kitchen and bathroom
• Internal Laundry
• Carports
• Large 1,530m2 corner block
• Close to the Lake and minutes drive to Shops
• Gross return of $117,000 per annum
• R3 Medium Density Zoning

Property Detail:
• Sale Method: Auction
• Guide Price: On Request
• Settlement Period: 42 Days
• Current Rental Returns: $117,000 per annum
• Council Rates: $1,079.30 pq
• Water Rates: $1,765.41 pq
• Insurance: $8,360.00 pa
• Lawn Maintenance: $235.00 pm (serviced and billed monthly)
• Land Size: 1,530 m2
• Available Reports: Pest & Building Report

To be sold by Auction on Wednesday 18th February at 5:30pm On-Site.

For full information pack with additional info including unit specifics, photos of each unit and related information contact agent.

To inspect this property, keep an eye out for scheduled inspection times.

Disclaimer: We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.

Explore the area

School catchments

Speers Point Public School Primary K-6 Government 0.87km
Biddabah Public School Primary K-6 Government 1.4km
Boolaroo Public School Primary K-6 Government 1.6km
Lake Macquarie High School Secondary 7-12 Government 1.7km
Booragul Public School Primary K-6 Government 1.8km
Teralba Public School Primary K-6 Government 2.0km
Booragul Primary School Primary Catholic 2.1km
St Paul's Catholic College Secondary 7-12 Catholic 2.2km
St Mary's Primary School Primary K-6 Catholic 2.3km
Warners Bay High School Secondary 7-12 Government 2.5km
Warners Bay Public School Primary K-6 Government 2.6km
Argenton Public School Primary K-6 Government 3.0km
Eleebana Public School Primary K-6 Government 3.2km
Cardiff Public School Primary K-6 Government 3.6km
Cardiff South Public School Primary P-6 Government 3.7km
Fennell Bay Public School Primary K-6 Government 3.8km
Mount Hutton Public School Primary K-6 Government 4.1km
Cardiff High School Secondary 7-12 Government 4.3km
St Kevin's Primary School Primary K-6 Catholic 4.4km
Glendale Technology High School Secondary 7-12 Government 4.6km
Charlton Christian College Combined K-12 Independent 4.9km
Newcastle Waldorf School Combined K-12 Independent 5.3km
Macquarie College Combined K-12 Independent 5.3km
Hunter Sports High School Secondary 7-12 Government 6.3km
St Mary's Catholic College Secondary 7-12 Catholic 6.4km
Toronto High School Secondary 7-12 Government 6.4km
West Wallsend High School Secondary 7-12 Government 7.4km
Belmont High School Secondary 7-12 Government 7.5km
Belmont Christian College Combined K-12 Independent 7.7km
Kotara High School Secondary 7-12 Government 7.7km

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.

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