First time offered to the market place since 1913 this prime piece of real estate has been in the same family for almost 100 years. Set on a quiet access road with uninhibited views of Lake Macquarie sits this block of 4 units. The property consists of 3 x 1 bedroom units and a 1 x 2 bedroom unit, with a potential market rent of approximately $57,000 per year. With spectacular views of Lake Macquarie from 3 of the units with side access to the block and undercover parking for 3 cars and a single car garage.
Set on approximately 2104sqm block with DA approval for work to be carried out to access the property from the street at the back of the block allowing access from 2 streets.
Centrally located approximately 2.8 km to Warners Bay CBD, approximately 700 to Speers Point park and swimming pool. Investors and developers take note this is potentially one of the most attractive pieces of real estate in the Speers Point area and may not get offered to the market place again for some time. This fabulous property is well worth an inspection.
