1-6/28 Railway Road New Lambton, 2305 NSW
Block of Six Units - Solid Investment
Rare opportunity to acquire unit complex on one title. Possible individual strata options subject to approvals. 5 x 1 bedroom & 1 x 2 bedroom units All with carport or garaging Located on 566m2 approx Gross estimated annual rent returns total $69,940
Unit 1 – (1 Bed) Vacant. Most recently returning $205/wk. Original interior. Carport Unit 2 - (1 Bed) $220/wk. Lease expired October 2015. Ongoing Lease. Has updated kitchen. Carport. Unit 3 – (1 Bed) $200/wk. Lease expired February 2011. Ongoing Lease. Rent last increased June 2017. Original interior. Carport. Unit 4 – (2 Bed) $270/wk. Lease expired February 2005. Ongoing Lease. Rent last increased June 2017. Original interior. Garage. Unit 5 – (1 Bed) $240/wk. Lease expired April 2018. Process of vacating. Updated Kitchen. Carport. Unit 6 – (1 Bed) $210/wk. Lease expired March 2011. Ongoing Lease. Rent last increased June 2017. Original interior. Carport.
Outgoings Council rates = $2020 PA Water Rates = $3945 PA Approx including usage, separately metered. Insurance = $3689 PA Lawn maintenance $45p/m
Century 21 Carkeet Johns Smith Real Estate at Charlestown-Smarter Bolder Faster.
Sold $1,310,000
Inspect
Inspection of this property is available strictly by arrangement only.
Contact
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Robert Russell