Astute investors take note, just released to the market is a specialised rental property with two separate dwellings on a 594m2 block, positioned within walking distance to Newcastle University and shopping centre. Servicing the University, major centres and Newcastle CBD, is public transport which is conveniently located at the front door.
A gross rental return of $1,720.00 per week makes this an investment opportunity worth considering. Managed by Reece Realty on residential leases, this is a fully furnished, share arrangement specifically designed for high demand student accommodation. Each tenant enjoys the security of their own leased space and communal living areas are well designed to cater for multiple users.
Newcastle University has a large pool of students coming from regional country areas plus a solid contingent of International students. Resulting from its regional position demand is high for single room accommodation from new graduates, Masters and PhD students as well as research graduates.
The front house has four spacious bedrooms with ceiling fans and built in wardrobes. Kitchen is modern with generous bench and cupboard space, stainless steel cooking facilities and dual sink. Off the light filled combined dining and living area is a covered deck adding an extra living zone. Two modern bathrooms service this dwelling.
Entry to your second house is into an open plan living/kitchen space. All six bedrooms offer built in wardrobes and ceiling fans. There are two bathrooms plus a second W.C and separate laundry facilities.
Both homes provide modern facilities & furnishings and allow privacy for each tenant. As highly desired properties, the rental history on this investment is consistent.
For more information on this excellent high yield investment please contact exclusive listing agent Allen Reece on 0409 814 400 or speak to the sales department for further details on 4950 2025.