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8% GROSS

For those looking to maximise their return, this is the property for you.

This weatherboard and iron building is not only on an 809sqm block but is on Convent Hill. For those that are unfamiliar with the area, Convent Hill is one of the best locations in Cessnock, renowned for; high priced properties, its elevation and its close proximity to the main street and doctors.

An added bonus of this investment is having 3 tenancies. This property provides 3 x one bedroom units and therefore spreads the risk when considering potential vacancies.

Currently the gross income is $460 per week or $23 920 p.a. How many properties in the local area and in the current market can give you a package as ideal as this – strong return, an excellent location and terrific block size?

31 Mayfield Street, Cessnock

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Contact Agent

3

3

3

Description
8% GROSS

For those looking to maximise their return, this is the property for you.

This weatherboard and iron building is not only on an 809sqm block but is on Convent Hill. For those that are unfamiliar with the area, Convent Hill is one of the best locations in Cessnock, renowned for; high priced properties, its elevation and its close proximity to the main street and doctors.

An added bonus of this investment is having 3 tenancies. This property provides 3 x one bedroom units and therefore spreads the risk when considering potential vacancies.

Currently the gross income is $460 per week or $23 920 p.a. How many properties in the local area and in the current market can give you a package as ideal as this – strong return, an excellent location and terrific block size?

Agent Details
Rachael Brecht

Director - Residential & Commercial Sales

mobile0409 327 331

office(02) 4991 4000

emailemail me

Agency Details
Jurd's Real Estate

location

Shop 3, 115 Vincent Street Cessnock NSW 2325

phone

(02) 4991 4000

fax

(02) 4991 4900

Key Details
property ID 229963
land size 809m2
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