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?