$890,000 to $950,000
This exceptional residential property in Kotara South offers a unique opportunity with three separate living spaces under one title, providing three income streams.
Top-Level Residence (Unit A): Leased at $495/week
- Currently leased at $495.00 per week, presenting a lucrative investment opportunity with steady rental income.
- Three spacious double bedrooms offer ample accommodation space for residents.
- Updated bathroom with modern amenities and comfort.
- Convenient off-street parking and a single garage.
- Open-plan kitchen with picturesque backyard views enhances the cooking and dining experience.
- Charming L-shaped lounge and dining area with beautiful hardwood floors to add warmth and character to the living space.
- Recently painted throughout for a fresh and modern aesthetic.
- New window coverings enhance privacy and light control in every room.
- All bedrooms compelte built-in robes, optimizing storage space and organization.
- Reverse Cyle AC in the living area.
Lower-Level Residence (Unit C): Leased at $325/week
- One-bedroom flat with bathroom, small living area, kitchen, and internal laundry.
- Split system Ac in the living area, servicing the whole unit.
- All areas open onto the rear yard, promoting seamless indoor-outdoor living.
Granny Flat (Unit B): Leased at $380/week
- Modern granny flat DA approved 31.12.2011, offering contemporary living amenities.
- One bathroom, open-plan kitchen, and living room provide a comfortable living space.
- Split system Ac and ceiling fan in living room.
- Charming private yard surrounded by trees enhances appeal, perfect for relaxation or outdoor dining on the deck overlooking Nereida Close, Reserve.
- Off-street parking available for added convenience, ensuring hassle-free parking for residents and guests.
Conveniently located just a short drive away from Charlestown Square and Westfield Kotara, with public transport directly outside, this property offers both accessibility and quiet suburban living. With a remarkable 54.8% increase in median value over the last 5 years, this property presents a lucrative investment opportunity for those looking to capitalize on the growing real estate market in Kotara South.
** *Pest and Building reports available upon inspection ***
Zoning: R2 Low Density Residential
Land Area: 753sqm approx
Council: Lake Macquarie
Land Rates: $2185pa approx
Water Rates: $859pa approx
Current Rent: $1200pw
We have obtained all information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. Photos maybe digitally edited and include virtual furniture..
328 King Street, Newcastle NSW 2300
02 4928 7400
CASEY HEALEY
0425 257 003
