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If you are looking for the perfect investment opportunity then look no further than 2 Lavender Street, Cessnock. With multiple development opportunities for this property this one is not to be missed!
For future details on this properties highest and best future use please view the planning NSW links below.
Both units feature 2 bedrooms, 1 bathroom, kitchen & dining, living room & a carport situated on a 1,036sqm block with also being located just 2.1km to the Cessnock CBD.
Both units are currently being leased to long term tenants.
Unit 1 currently returning $210 per week- Fixed term lease ending 14/5/19
Unit 2 currently returning $220 per week- Fixed term lease ended.
A summary of this properties features:
- 4 bedrooms, 2 bathrooms, 2 kitchens & dining, 2 living rooms & 2 carports.
- 1,036sqm block, 2.1km to Cessnock CBD.
- Combined Gross yearly rental income (as of 12 months to 31/5/18) =$22,580
- Combined Net yearly rental income (as of 12 months to 31/5/18) = $15,886.20
Out Goings
-Council rates $2186.13 pa
-Hunter Water $1,027.79 pa less one quarter
-Insurance $1,700 pa
https://www.legislation.nsw.gov.au/EPIs/2018-132.pdf
http://www.planning.nsw.gov.au/Policy-andLegislation/Housing/~/media/56B9F795CFD44E71812332AFD30799E1.ashx
To find out more about this amazing opportunity please feel free to contact Bryce Gibson on 0422227668, Skye Hunter on 0413200727 or Brendon Smith on 0418146370.
84 Vincent Street, Cessnock NSW 2325
Call Bryce Gibson on
0422 227 668
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