Rare Investment or Redesign Opportunity on The Hill - Block of 2 x 3-Bedroom Apartments
Auction Location: The Arc, 45 Watt Street Newcastle.
At the level southern end of Wolfe Street an easy stroll from King Edward Park, this block of two x 3-bedroom apartments invites a rare opportunity on The Hill. A smart investment with plenty of pluses, returning a combined $1,040 per week, the dual level property flaunts modern updates throughout with identical layouts on each floor.
Take this special chance to purchase both apartments in one line and reap the rewards of strong rental returns in a sought-after setting. Alternatively, consider options to convert to a large family home with the possibility of adding a rooftop terrace for alfresco entertaining, subject to council approval.
The superb location is centrally positioned within walking distance of the city’s key attractions. Stroll to Darby Street for bustling bars, charming boutiques and endless dining options. Grab your surfboard and towel and head to the beach for an early morning swim or surf or explore Newcastle’s coastal beauty with a brisk walk along the harbour foreshore to Nobbys beach and the breakwall.
– Brick Torrens title two-level dwelling on 203sqm approx.
– Two single garages on ground level – one for each apartment
– Each floor features three robed bedrooms, lounge room, shower bathroom and eat-in kitchen with Euro laundry
– Modern updates throughout
– Each apartment is currently tenanted returning $520 per week each
– Less than 1km from the harbour foreshore and Newcastle Beach
This property is being sold under the revolutionary Friendly Auction System.
An independent pest & building report is available on request at no charge to you. This is the type of report your solicitor would usually recommend purchasing before bidding at an auction or before making an unconditional offer prior to auction and are conducted by a panel of reputable companies. The companies have consented to friendly auction terms and will generally be happy to speak to you about your queries in reports and in most cases transfer the reports into your name if you are the successful buyer at auction or prior to auction: see each report for details.
Flexible deposit and settlement conditions are also available by negotiation with the agent if required.
Offers can also be made prior to auction and each offer will be assessed on its merits.
In-rooms auction event scheduled at The Arc at Watt Street Commercial Centre (Cnr King and Watt St Newcastle). Bid and buy with confidence in this consumer driven, transparent auction system that was pioneered here in Newcastle but is now in use across Australia. We also have a downloadable guide available on our website.
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