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Pot of Gold on The Hill

7 Mosbri Crescent, THE HILL NSW, 2300

Sold

Property Sold in 7 Mosbri Crescent, THE HILL NSW, 2300

Listing ID:
11365129
Status:
Sold
Price:
SOLD @ AUCTION
Last Updated:
12/12/2019
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Property Type

Land/Development/Other
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Land Area

538 SQM
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Floor Area

152 SQM
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Parking

4

Pot of Gold on The Hill

Auction Location: On site.

This is the one you have been searching for – a sound investment with long term income growth* plus development upside in the perfect position.

On offer is an existing four unit apartment block in a super prime location with City views at the foot of The Hill.

In a high demand location for tenants & buyers alike, 7 Mosbri is a few metres from foodie hotspot Darby Street & a stroll to Newcastle Uni campus & Civic Park. To top it off Newcastle Beach & new Light Rail are just over the Hill.

Total rent return of $1,140 per week fully leased with a history of stable long term tenancies & scope to improve immediate returns** with cosmetic updates.

On a 537.5 sqm R3 Medium Density Zoned land parcel with a 0.9:1 FSR & 11m height limit & right next door to recently rezoned NBN studios with a 1.46:1 FSR & 21m height limit, this site combines a solid investment return with significant development upside.

This property is not to be missed. To be sold at auction 9 November. Register your interest today to receive an Information Memorandum including investment & development details.

* Past performance is not a guarantee of future returns
** Rental advice from RW Newcastle

For more details, please email agent


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