Only 2kms to the CBD and a fifteen minute drive to the airport Newstead is a most desirable area in which to live. This is reflected by the medium property price of $2.5000,000! Fortunately for those wishing to enjoy a Newstead lifestyle affordable options still occasionally become available and this modern two bedroom unit is no exception.

It is located in Riverstead Apartments, a resort style complex in beautiful tree lined Newstead Tce. Residents enjoy the accessibility to the river board walk and the iconic Newstead Park. Since the recent opening of the Riverpark they also enjoy the direct
link and pleasant stroll through to the many restaurants, cafes and other facilities available in Teneriffe.

The combined kitchen/dining/lounge area of this apartment opens out onto a large balcony with a leafy easterly aspect and river glimpses. Complete privacy and lovely river breezes make this balcony ideal for entertaining. The two bedrooms are situated at either end of the living area. The master bedroom has an ensuite and the second bedroom is next to the main bathroom.

Other noteworthy features include a HUGE storage cage which if dismantled could become a second car park. It has airconditioning as well as ceiling fans throughout. Excellent on site management and a security intercom system ensures maximum security. It is also pet friendly on application to the Body Corporate.

GREAT for the first home buyer (No stamp duty)
GREAT for the investor (Rents for $440 per week)
GREAT for anyone who would like to enjoy the lifestyle that Newstead has to offer.
GREAT for anyone looking for capital growth as the Newstead River Park development is completed

Body Corp: $3,756 pa (approx)
Rates: $1,600 pa (approx)
Current rental: $440 per week
Total Area: 94sqm (80sqm internal, 14sqm balcony)

The Sustainability Declaration Form for this property can be obtained by contacting this agent.