Fantastic opportunity for 1st home buyer, investor or Commercial home office buyer to secure this spacious 1-bedroom apartment positioned in the heart of Cooks Hills Cafe and shopping hub. This apartment has the benefit of B4 Mixed Use Zoning potentially also allowing commercial office for a small consulting practice. The apartment comes complimentary with existing furniture and appliances and is currently leased for $380PW making it perfect to continue as an investment, use as a 1st home or cost-effective Newcastle holiday pad. Small boutique block known as "Red Square" comprising of only 8 apartments and ground floor commercial, no lift that minimises strata outgoings. This spacious apartment is strolling distance to access light rail, beaches, shops and harbour entertainment precinct. A unique buying opportunity, when these unit's 1st sold in 2014 they sold quickly and history is sure to repeat itself. Inspection only by appointment.
* Rare opportunity to purchase in small 8 unit building, Red Square.
* Positioned in the heart of Cooks Hill's cafe and shopping hub.
* Spacious 51m2 approx apartment, complimentary furniture & appliances.
* Perfect 1st home, short stay holiday pad or investment, $380 PW Currently.
* Stroll to access light rails, beach and harbour lifestyle.
Council Rates: $1,312 PA approx
Water Rates: $672 + Usage PA approx
Strata Levies: $1,940 PA approx
Rental Potential: $380 PW Currently