50 Lockyer Street, Adamstown NSW 2289

With an impressive weekly return of $1,385 per week and a suburb location, this block of 5 residential units would ideally suit an investor or developer. To be sold in one line this well maintained property has a solid rental history and is positioned close to schools, parks, The Junction and local beaches.

* Auction on Site Saturday 28th Nov at 10.30am.
* 5 single level residential units to be sold on one title.
* All units offer 2 bedrooms and undercover parking.
* Modern kitchens, air conditioning (4), tiled bathrooms.
* 5 x carports, laundry & drying facilities, private balconies.
* Each unit separately metred for water and electricity.
* Returning $72,020 pa with potential to increase.
* Site area 801 m2 with public reserve/park
nearby
* Potential subdivision or strata title option (STCA).
* Ideal medium to long term investment opportunity.
* Building and pest reports available on request.

Council Rates: $2,008 PA approx
Water Rates: $2,945 PA approx - includes usage which is payable by tenants
Electricity: $372 PA approx (common area lighting)