Profile

Investment Overview:

- 70 & 74 hanbury St, Mayfield, Newcastle 

- 6kms to Newcastle CBD & beaches (12 mins drive to harbour and CBD)

- 3kms to Newcastle University campus 

- Boutique complex of just 34 apartments and 12 townhouses

- R&W exclusively have available the 1 and 2 bedroom apartments

- 1 beds from $494,000 to $544,000 (lower end without cars)

- 2 beds from $669,000 to $755,000

- 3 bedroom Townhouses $875,000 to $944,000

- Located in Mayfield, directly between the CBD and University

- Surrounded by shops and transport; 3 minute walk form Waratah Train Station + 3 minute walk from an array of shops on Maitland Rd

- Median 4 bed house price to suburb of $1m (lots of older homes now being bought and refurbished, classic gentrification which pushes prices up)

- Vacancy rate of just 1% to suburb 

- Rental return expected circa 4.5 - 5.0% gross (realistically relates to zero holding costs)

- Locally based developer/builder we have worked with several times before. Each one of the projects we have worked on have seen our clients secure hundreds of thousands of dollars in gains in a few short years