10 Lobelia Close, Metford NSW 2323

Positioned in one of the region's most highly sought-after neighbourhoods, this block of units offers a prime investment opportunity in METFORD. Consisting of three two-bedroom units and one single-bedroom unit, it is a promising prospect for investors.

Centrally located to nearby transport, schools, shops and nearby lifestyle requirements, making it an excellent choice tenants looking for convenience in a location.

Current Tenancy and Rental Return
Unit 1 | 2 bedroom | Lease Expiry 23.05.2024 | Weekly Rental $340.00
Unit 2 | 2 bedroom | Lease Expiry 07.03.2024 | Weekly Rental $285.00
Unit 3 | 1 bedroom | Lease Expiry 21.02.2024 | Weekly Rental $265.00
Unit 4 | 2 bedroom | Lease Expiry 19.12.2023 | Weekly Rental $370.00

Property Features
• Dedicated parking for each unit
• All unit with balconies and internal laundries
• Solid full brick building
• Shared entrance to foyer with private front doors for each unit
• All units are separately metered for electricity

Distances
Metford Local Shops – 1km
Metford Train Station – 1.8km
Maitland Hospital – 1.8km
Stockland Green Hills – 2km
Maitland Private Hospital – 2km
Newcastle CBD – 28km

Quick Facts
Year built: 1980 (approx.)
Land size: 771m2
Complex composition: 3 x 2 bedroom units and 1 x 1 bedroom unit
Council rates: $4,150.00 per annum (approx.)
Water Rate: $3,780 per annum (approx.)
Insurance: $3,830.00 per annum (approx.)
Maintenance: $6,280.00 per annum (approx.)
Management and Letting Fees: $5,950.00 per annum (approx.)

With the prospect of renovation to enhance an already robust rental income, this collection of units offers an appealing prospect for investors seeking to expand their diversified property portfolio.

Contact the team at Valley Estate Agents for more information on how to secure this prime investment opportunity.