Newcastle West 58/575 Hunter Street

Larger than your average one bedroom apartment this property is located in The Quest Apartments, Newcastle West. The Quest is iconic to Newcastle and is one of the most popular hubs for business executives visiting the city.

This particular property offers an attractive return of $23,400 pa, or $450 per week (Approx.). The property is boosted by the fact that you as the owner only pay a portion of the outgoings. You are responsible for the capital works fees and half of the council rates. The tenant (The Quest) pays for the admin fees, water rates and half the council rates. This gives you a potential yield of just over 6%. It is about to enter another 5 year lease term with The Quest guaranteeing your income throughout that period and also providing a 4% annual increase on that rent return.

The property itself is quite spacious and located on the 7th floor, it has a central lounge room with split system air conditioning and large windows looking towards No.1 Sports Ground and Marketown Shopping Centre.

Disclaimer: Whilst every care is taken in the preparation of the information contained in this marketing, Century 21 Novocastrian will not be held liable for any errors in typing or information. All interested parties should rely upon their own enquiries in order to determine whether or not this information is in fact accurate. Photos have been edited for marketing.

Property Information

• Floor area approx 75sqm