Ideally located in the beachside suburb of Merewether, 135 City Road present a rare opportunity to purchase a secure multi-tenanted residential investment. The property features five apartments, including a spacious two-bedroom unit and four cosy one-bedroom units, each with a single lock-up garage. With a rental income of $77,072 net per annum, this property provides a steady cash flow and potential for future growth.
Located in the sought-after suburb of Merewether and surrounded by premium lifestyle amenity, the property offers a highly desirable location near Newcastle's best beaches, The Junction Village shopping centre, schools, and public transport.
- Prime lifestyle location
- Robust multi tenant cash flow
- Beachside suburb location
- Five apartments sold in one line
- All apartments include a single lock up garage
- Zoned R2 Residential
- Dual street frontage to City Road and Edward Street
*Approximately
