NOW Selling ENTIRE Block - 6 One (1) Bedroom UNITS - Current Income-$51,480p/a

SOLD

Built about 1965 - Torrens Title, 2 storey walk up building of brick and tile construction with a North-westerly aspect and containing 6 x 1bedroom units.
Zoned 2(a) residential and having frontage to a quiet residential street with a Land area of approx. 465 sqm.

CONSTRUCTION:
Exterior cladding is brick, the roof is concrete tile and the window frames are aluminium.
The internal linings are timber, plasterboard and tiles.

All units are currently leased.

INCOME IS AS FOLLOWS:

4 Units @ $160 p/w = $33,280 p/a
1 Unit @ $165 p/w = $8,580 p/a
1 Unit@ $185 p/w = $9,620 p/a

TOTAL: $51,480 p/a

EXPENSES:
Land Rates $1,186 p/a
Water $1,624 p/a
Insurance $528 p/a
TOTAL $3,338 p/a

All units have:
- built-in wardrobe

Updated kitchens have:
- laminate topped built-in cupboards
- single bowl stainless steel sink
- gas stove,
- exhaust hood over cooking area

Bathrooms have:
- shower recess
- vanity unit
- low down suite
- exhaust fan

FLOOR AREAS ARE AS FOLLOWS:

Living:
Approximately 290.8 sqm

Carport:
Approximately 113.9 sqm

Lambton is a centrally located
popular inner, older residential
suburb of the City of Newcastle
well serviced by its own local
shopping centre, Olympic
swimming centre, local schools
and public transport

This is a secure INVESTMENT OPPORTUNITY

CALL NOW FOR MORE DETAILS OR TO ARRANGE AN INSPECTION

Sale Type	Private Treaty
Bedrooms	6
Bathrooms	7
Car Spaces	6
Land Size	465.00000000 m2

Property Overview

Property ID:	res24
Location	81 Womboin Rd LAMBTON, NSW
Opening Times:	Viewings by appointment only
Features:	0