Broadmeadow 172 Broadmeadow Road

This is a genuine set-and-forget residential real estate investment, one of those rare assets where the work's been totally completed and the returns are already rolling in. A tightly held block of four units that are fully renovated and fully leased, delivering a strong rental return of $127,400 per annum with every dollar underpinned by a recent, high-quality modernisation that can only assist with the increase in return and capital growth over time.

Set on 2 levels, each apartment has been thoughtfully reworked to meet exactly what tenants are seeking in terms of comfortable easy-care living. Each of the four units offer two generous bedrooms with built-in robes and ceiling fans, sleek fully tiled bathrooms with frameless glass shower, and open plan living zones that feel light and comfortable, finished with plantation shutters and quality floor coverings and fittings throughout. Caesarstone kitchens with electric appliances anchor everyday living, air conditioning allows for comfortable temperatures all year round to suit, and internal laundries in every unit add practicality.

The location will assure strong demand and guaranteed financial growth with Broadmeadow Rail Station just a mere 250m from the doorsteps of the units, Beaumont Street is within walking distance, and lifestyle anchors like parks, schools, Honeysuckle, and Bar Beach are all accessed in under 10 minutes by car.

Add in Newcastle council's Broadmeadow Place Strategy, Newcastle's long-term vision for a revitalised sports and entertainment hub at Hunter Park with a new arena next to McDonald Jones Stadium, and the fundamentals stack up for sustained strong demand and growth with this solid and safeguard asset that can only enhance any property portfolio or superfund.

- Four fully renovated units on one title, 442 sqm block
- Open plan living with a/c, hybrid flooring, and plantation shutters
- Stone finished kitchens with electric hob, under bench oven, dishwasher
- Each unit with two carpeted bedrooms each with a built-in robe and ceiling fan
- All bathrooms are fully tiled featuring a frameless glass shower
- Unit 3 has a full laundry room, Euro laundries to remaining three
- Three car spaces allocated for units 2, 3 & 4
- The perfect residential investment opportunity, both in capital growth and rental returns

- Water rates are approximately $4,560 per year
- Council rates are approximately $3,172 per year
- Current rental return of $127,400 per annum

Disclaimer: We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.