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