Here’s a rare opportunity to secure three self-contained one-bedroom apartments in a historic three-storey
Colonial building with harbour glimpses, ideally set in a prime inner-city location 250 metres to Newcastle
Grammar School, 650 metres to King Edward Park, and 1.1 km to Newcastle Beach.

Lower level features:
– Carpeted living/dining room with fireplace and stunning stone feature wall
– Renovated kitchen with timber bench tops, plus modern bathroom
– Spacious bedroom with fireplace and walk-in robe/storeroom
– Fenced courtyard with shared laundry and separate second guest toilet
Currently returning $330 per week with tenant on 12 month lease.

Street level features:
– Lounge room with fireplace, plus separate dining area and kitchen
– Modern bathroom in contemporary white with walk-in shower
– King-sized carpeted separate bedroom with fireplace
Currently returning $340 per week with tenant on month to month lease (very keen to stay on)

Upper level features:
– Living/dining room with fireplace opens to modern kitchen with harbour glimpses
– Well-presented modern bathroom with walk-in shower
– Huge carpeted master bedroom with a bright, elevated outlook
Currently returning $350 per week with long term tenant on month to month lease (lived there 3 years and keen to stay on)

Gross Weekly Rental Income $1,020 per week.

Enter from the street into the common entry foyer with winding staircase straight ahead. A doorway off the
entry hall opens into the street-level apartment where the carpeted lounge room with large fireplace opens
through French doors into a separate dining area and well-equipped kitchen.

The modern bathroom in contemporary white with walk-in shower is off the dining area, and the large separate bedroom – also with a fireplace – is off the living room.

Downstairs, the lower-level apartment features independent entry through the courtyard and into the renovated kitchen which features timber bench tops, stylish black cabinetry and gas cooking.

A stunning stone feature wall and large open fireplace capture immediate attention in the carpeted living/dining room, and the spacious bedroom features a fireplace and walk-in robe/storeroom.

An external shared laundry and second guest toilet in the courtyard is in addition to the modern main bathroom that’s conveniently located off the kitchen.

Upstairs, the third apartment also features a large open fireplace in the living/dining room and the adjoining
modern kitchen presents stone bench tops, gas cooking, stainless steel appliances and an elevated outlook
towards the harbour.

The well-presented main bathroom is off the kitchen, and the huge master bedroom with a bright outlook is off
the entry foyer.

A solid example of how well they used to build them, this historic property in one of Newcastle’s most prestigious streets has stood the test of time and offers an outstanding investment opportunity.

Contact our selling agent Sam Kolatchew to book your inspection today.