EXCELLENT RETURN

Gross return of 10.7% & nett return of approximately 6.7% with the potential for more.

Residential complex of 10 lettable properties conveniently located south of Raymond Terrace & only 20 minutes to Newcastle and 15 minutes to Greenhills a major shopping centre.

Current rental return of $144,000 pa.

* 1 x 3 bedroom house, open planned living, family meals area, large timber kitchen & self contained 1 bedroom flat, 2 carports
* 1 x 1 bedroom unit
* 9 x Studio / Bedsitter apartments

Also potential to convert 2 more bedsitters.