41 Lookout Road, New Lambton Heights NSW 2305

41 Lookout Road, with 3 properties in 1, represents a magnificent opportunity with a high rental return for someone seeking a dual-income investment. There is also the opportunity to convert the existing home back into the one 5-bedroom dwelling whilst also keeping the 2-bedroom granny flat so as to gain separate income on your principle place of residence. With the property situated on a 942m2 block, there is also the potential for future re-development.

The current rent is as follows:

Property One (Upstairs) – $430 / week
Property Two (Downstairs) – $225 / week
Property Three (Granny Flat) – $350 / week
Total - $1005 / week

The property features include:

Property One:

* Four bedrooms, main and bedroom 4 with built-ins
* Bathroom with vanity, separate shower and bath & toilet
* Large open plan living area
* Split-system air conditioning
* Modern kitchen with gas cooktop, large island benchtop and washing machine
* Slow combustion fire place
* Foxtel connections
* Outdoor balcony / undercover entertaining area

Property Two:

* One large bedroom with built-in
* Kitchen with electric cooktop and adjacent living / dining
* Combined bathroom & laundry
* Separate toilet

Property Three:

* Two bedrooms, both with built-ins
* Living room with air-conditioning
* Kitchen with ample bench space, dishwasher and electric cooktop
* Bathroom with vanity, shower and toilet
* Laundry with extra toilet

Whether it be for pure investment or as a separate income at your principle place of residence, this opportunity is truly unique and makes for a wonderful investment opportunity.

Council Rates: Approx. $443.55 p/q
Water Rates: Approx. $263 + usage p/q

*Some information contained in above marketing is sourced from third parties such as Corelogic Pty Ltd.*