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7 Mosbri Crescent The Hill NSW 2300

  • Development / Land
  • 538 m²
  • Commercial Auction

Pot of Gold on The Hill

This is the one you have been searching for a sound investment with long term income growth* plus development upside in the perfect position.

On offer is an existing four unit apartment block in a super prime location with City views at the foot of The Hill.

In a high demand location for tenants & buyers alike, 7 Mosbri is a few metres from foodie hotspot Darby Street & a stroll to Newcastle Uni campus & Civic Park. To top it off Newcastle Beach & new Light Rail are just over the Hill.

Total rent return of $1,140 per week fully leased with a history of stable long term tenancies & scope to improve immediate returns** with cosmetic updates.

On a 537.5 sqm R3 Medium Density Zoned land parcel with a 0.9:1 FSR & 11m height limit & right next door to recently rezoned NBN studios with a 1.46:1 FSR & 21m height limit, this site combines a solid investment return with significant development upside.

This property is not to be missed. To be sold at auction 9 November. Register your interest today to receive an Information Memorandum including investment & development details.

* Past performance is not a guarantee of future returns
** Rental advice from RW Newcastle

Highlights:
* Immediate rental upside
* R3 Medium Density zoned
* High demand location

AUCTION

Auction date and time09/11/2019 10:30
Auction location7 Mosbri Crescent, The Hill NSW

Property Highlights

Property ID2015730406
Floor Area152 m²
Land Area538 m²
Parking4 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityAsk Agent
Category
Last updated  28 Oct 2019
Map for 7 Mosbri Crescent The Hill NSW 2300
Clearpoint
41 Hume St Crows Nest NSW 2065

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