Property Investment Opportunity in the Hunter Valley
20 George Street East Branxton
1 bed | 1 bath | 1 carA rare and exciting property investment opportunity exist in the Hunter Valley area for property investors that are looking to enter the property market. These set of units offer a great rental opportunity plus with the addition of the large block allows for potential future use and development.
Brick and tile constructed 2 storey unit complex with 2 units located on ground level and 2 units located on the upper level. There is a combined common entry/area that offers stairway access to the upper level units with the ground floor units have their own external access. There is a 4 bay carport that offers each unit a dedicated undercover carport.
The land is 2035sqm in size with 40m x 50m boundary. This property offers potential future use depending council consent.
Each unit features:
Open plan design kitchen/lounge and dining room
Bathroom and combined laundry
Rental Income (total): $41,210.00 p/a
Land Rates: $3,423.35 p/a
Water Rates: $2,847.21
Other rental Expenses: $3,820.77 approx. This includes property management, smoke alarm and admin fees.
Year Built: 1980 approx.
Land Size: 2,035sqm
Zoning: Low Density Residential
Local Council: Cessnock City Council
Services: town water and sewerage
- 2035 sqm (approx)
Price range: $750,000 to $785,000
02 4938 2020
02 4938 2020