7 Mosbri Crescent,
The Hill, NSW 2300
Development Sites & Land • Other
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Map of 7 Mosbri Crescent
Pot of Gold on The Hill
- Immediate rental upside
- R3 Medium Density zoned
- High demand location
Auction Location: On site.
This is the one you have been searching for – a sound investment with long term income growth* plus development upside in the perfect position.
On offer is an existing four unit apartment block in a super prime location with City views at the foot of The Hill.
In a high demand location for tenants & buyers alike, 7 Mosbri is a few metres from foodie hotspot Darby Street & a stroll to Newcastle Uni campus & Civic Park. To top it off Newcastle Beach & new Light Rail are just over the Hill.
Total rent return of $1,140 per week fully leased with a history of stable long term tenancies & scope to improve immediate returns** with cosmetic updates.
On a 537.5 sqm R3 Medium Density Zoned land parcel with a 0.9:1 FSR & 11m height limit & right next door to recently rezoned NBN studios with a 1.46:1 FSR & 21m height limit, this site combines a solid investment return with significant development upside.
This property is not to be missed. To be sold at auction 9 November. Register your interest today to receive an Information Memorandum including investment & development details.
* Past performance is not a guarantee of future returns
** Rental advice from RW Newcastle
Disclaimer:
We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
This is the one you have been searching for – a sound investment with long term income growth* plus development upside in the perfect position.
On offer is an existing four unit apartment block in a super prime location with City views at the foot of The Hill.
In a high demand location for tenants & buyers alike, 7 Mosbri is a few metres from foodie hotspot Darby Street & a stroll to Newcastle Uni campus & Civic Park. To top it off Newcastle Beach & new Light Rail are just over the Hill.
Total rent return of $1,140 per week fully leased with a history of stable long term tenancies & scope to improve immediate returns** with cosmetic updates.
On a 537.5 sqm R3 Medium Density Zoned land parcel with a 0.9:1 FSR & 11m height limit & right next door to recently rezoned NBN studios with a 1.46:1 FSR & 21m height limit, this site combines a solid investment return with significant development upside.
This property is not to be missed. To be sold at auction 9 November. Register your interest today to receive an Information Memorandum including investment & development details.
* Past performance is not a guarantee of future returns
** Rental advice from RW Newcastle
Disclaimer:
We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
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Property ID: 503356250Last Updated: 21 Sep 2020
04184867...
7 Mosbri Crescent
The Hill, NSW 2300
Detailed listing
Clearpoint - Pty Ltd41 Hume Street
CROWS NEST, NSW 2065
CROWS NEST, NSW 2065
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