Residence with attached commercial shop of 70sq/m. Commanding corner allotment of 560sq/m in prominent location opposite the Hunter River boat ramp & cycle/walk way.
DA/CC approval for 2 x townhouses & retaining the shop premise with works commencement in place.
Outstanding opportunity. Perfect for the astute investor – take advantage of the holding income until you are ready to start your build.
- Two bedroom residence with yard & off street parking leased at $340pw
- Attached commercial shop of 70sq/m leased at $22,880 PA net + 50% OGS + GST. Fit out consists of – Cool room & freezer (needs servicing), overhead exhaust, double sink wash bay & storeroom + outdoor seating area
- Commanding Corner Position opposite Hunter River
- Dual street access DA/CC Approval for additional 2 x dual level Townhouses – plans available
- Great opportunity for multiple income streams
(PLEASE OBSERVE ADEQUATE SOCIAL DISTANCING AND THE 2 SQUARE METRE RULE WHILE INSPECTING PROPERTIES)
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|R&H Suburb Summary||Houses|
|Number of sales||90|
|Median Rental Price||$500 p.w.|
|Change in Rental Rate (5yr)||14 %|
|R&H Suburb Summary||Units|
|Number of sales||2|
|Median Rental Price||$350 p.w.|
|Change in Rental Rate (5yr)||20 %|