203/8 King Street, Newcastle NSW 2300

UNDER CONTRACT
With a reliable long-term tenant currently in place, this well-presented fully furnished apartment offers an excellent investment opportunity.


Located in a sought-after CBD position steps to the beach, this apartment is just moments to the Hunter Street Mall and the Harbour.


* Current rental return of $360 per week offers strong yield
* Reliable long-term tenant in place until February 2016
* Open-plan living/dining to suit a single professional or couple
* Neat and tidy kitchen with dishwasher and electric cooking
* Well-presented modern bathroom with glass-frame shower
* Good-sized private bedroom with built-in robe
* Internal European-style laundry adds convenience
* Carpet throughout in excellent condition
* Elegant window shutters through living area
* Apartment comes fully furnished
* Short walk to the beach and your choice of funky city cafes

Investors take note of the excellent rental yield on offer and the sought-after CBD position showing strong capital growth offered by this well-presented low-maintenance apartment.

Enter into the foyer with a well-equipped European laundry on your right. Continue left into the open-plan living/dining room with two feature windows elegantly dressed with timber louvre shutters.


The good-sized modern kitchen adjoins the living/dining room and features a high breakfast bar, plentiful cupboard space, electric cooking and a dishwasher.

The private bedroom is off the dining area and features a built-in robe and well-presented ensuite with glass-frame shower.

The carpet throughout is in excellent condition, and contemporary neutral tones throughout create a pleasant living environment.

With a reliable long-term tenant in place until February 2016, investors can count on a $360 per week return for an immediate revenue stream, and located in a popular CBD location walking distance to the beach, it will show strong capital growth for a profitable resale.

Or owner/occupiers get some help paying down your mortgage before moving in next year to enjoy the best of beachside city living.

This one will be snapped up quickly, so act fast while it lasts. To organise an inspection, call Mick Phillips today.

Figures & Fees:
(All are approx)

Currently Returning: $360 Per Week- Lease Expires February 2016.
Council Rates: $252.62 per quarter
Strata Fees: $730 per quarter
Unit Size: 47M2