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23 & 23A MERTHYR STREET, KURRI KURRI
MAIN HOUSE - Fronting Merthyr Street
- Beautiful features with ornate ceilings throughout
- Three good sized bedrooms all with ceiling fans
- Modern kitchen with stone benchtop and electric and gas cooking
- Open plan dining and lounge area with A/C
- Updated bathroom with separate bath and shower, second toilet in the laundry
- Covered deck overlooking the yard space
- Low maintenance, fully fenced yard space with double carport
- Currently leased at $430/week with tenants in lease until January 2025
- Potential for rent growth with current market rent value up to $500/week
GRANNY FLAT - Fronting Laneway
- Less than a year old!
- Two bedrooms
- Open plan kitchen, dining & living
- Comfortable bathroom, combined with laundry
- Low maintenance yard space, single carport and garden shed
- Currently leased at $400/week with tenant in lease until November 2024
- Potential for rent growth with current market rent value $420/week
THE PACKAGE
- Total return of $830/week, immediate return on investment!
- Potential for rent return growth when current leases expire
- Both tenants currently in lease until late 2024 and early 2025
- Total site size of 537.5m2
- Situated in a prime quiet location, approximately a 6 minute walk to the start of Kurri Kurri CBD and close to the local High school & sporting fields
- Hunter Expressway only 2kms away with ease of access to the Upper Hunter, Newcastle and Sydney