Former Church converted to 8 Room boarding house plus separate house
Easily run. High income - Low maintenance, easily managed investment with a long consistent history of high occupancy and a growing rental income return
All rooms with private facilities with relaxed Indoor feeling - Spacious indoor dining, lounge, study, entertainment areas with good natural light and spiraling ceilings creating a relaxing feeling of spaciousness
Quick access to airport. Around 24 mins drive and regular bus services to the airport serving several major Australian & New Zealand tourist and business destinations
Large dining/lounge/external recreation areas
Redevelopment Opportunities - Dual street frontage. 739m2 land (approx) - 2 street frontages and separate entry for each property with a possibility of subdivision or redevelopment or Community, Education, Medical, Childcare etc (STCA).
Separate house on site with own private access - Option to use the house as your residence and get a good income from your backyard
Close to all services - Minutes to Newcastle CBD, business and personal/medical services, local/major shopping, entertainment, medical, university, schools, other educational establishments.
Possible other uses including medical, childcare, education, tourist etc (STCA)
Consistent high occupancy
Energy savings with solar power installed.
Relaxed Harbour side location - Harbour waterways, bike and pedestrian walks and pristine Newcastle beaches. Marina, Yacht club 550 metres walk
Close to shops, city, beaches, schools, medical, major transport
Gateway to Hunter Valley wine and other popular tourist destinations areas a short drive away.
Additional one bedroom open plan home of around 65m2 plus even larger covered outdoor area.
For more information contact exclusive agents through this link
CST Properties Hotel, Tourism & Leisure Investment Property specialists