25 Spruce Street, North Lambton NSW 2299

$1,780,000 to $1,850,000

7 beds

7 baths

6 parking

Great Investment Opportunity, Good Block & Location.

This property has seven, one bedroom units returning $2,655 per week. They have all had some work done over time and are all comfortable 1 bedroom units, there are carports for four vehicles and two extra car spaces. All on one title, it is Torrens Title so no Strata Fees.

The accommodation is set on generous grounds of 1012sqm. This street is just minutes down to Lambton Shopping Village and Lambton Park and Pool..

This property has:
* 7 one bedroom units,
* Open Living Areas in six of the units,
* Separate Kitchen and lounge in Unit 6,
* Sunny Front Verandah Unit 6,
* Plenty of outdoor space for all tenants,
* 4 Carports, 2 Parking spaces,
* Shared Laundry Facility,
* Extra Outside Toilet Facility for general use.

Would suit for investment opportunity with great return and with perhaps future development in mind.

- Units returning $2,625 per week
- Hunter Water Rates recent account was$2,743.81 per third
- Newcastle City Council Rates $1,872.97 per quarter
- Building Insurance, Public Liability, &
Landlord Insurance etc. currently $6,250.52

This location is very popular, currently all the units are tenanted and would always rent readily if an when tenants vacate.

Ring or email anytime to arrange an inspection.

Property Details

• Type: BlockOfUnits
• Bedrooms: 7
• Bathrooms: 7
• Toilets: 8
• Carport Spaces: 4
• Other Parking: 2
• Land Area: 1,012 m² (approx)
• Tenancy: Vacant