Discover an extraordinary investment opportunity in the heart of Newport, with this recently renovated 1950′s apartment block boasting three units. Situated on a spacious 936sqm parcel of land, this property offers excellent potential for future growth and enhancements. Conveniently located, it provides easy access to Newport Village, making it an attractive prospect for investors.

Features:
Unit 1 – 3 bedrooms, 1 bathroom, double lockup garage
Unit 2 – 2 bedrooms, 1 bathroom, single lockup garage
Unit 3 – 2 bedrooms, 1 bathroom

Generating an approximate annual income of $112,000 gross, this property promises an established income stream, making it an ideal investment opportunity. The units’ generous proportions ensure good returns and present a chance to capitalise on future improvements.

Outgoings:
Council Rates: $2939.32 per annum
Water Rates: $2,064.84 per annum

All quoted areas/measurements are approximations, and interested parties must conduct their own research for accurate information.