Block of Units Only 400m from the Lake

Boasting a neat row of six units on a generous 1,299sqm. block, this property creates a fantastic opportunity in a highly desirable lakeside setting, positioned only 400m from the popular Belmont 16s and the sparkling shores of Lake Macquarie.

With each of the units currently tenanted, the property is a fabulous find for the astute investor, making it easy to simply buy and continue the rental agreements already in place. Alternatively, you could opt to update or renovate the units, to then provide a more upscale rental offering and potentially enjoy a higher return.

Of course, the location is a standout here. Standing out front of the property, you can see the lake – that’s how close it is! It’s an easy stroll down the hill to enjoy relaxed dining and events at the 16 Footers, or wander along the lakefront to check out Belmont’s cafes and shops. Lakeside activities are close at hand, alongside on-lake pursuits such as kayaking and paddleboarding. Meanwhile, it’s only a short drive to sand and surf at Blacksmiths to make this lifestyle location even more appealing.

– Boutique complex of six units on large block in great lakeside setting
– Five units span 58sqm. feat. open-plan and one bedroom
– Unit six spans 117sqm. feat. open-plan and two bedrooms
– Neatly presented kitchen and bathroom to each unit
– Each bedroom is of a good size with built-in robes
– One covered parking space provided for each unit
– Communal laundry and grassy communal gardens at rear
– Walk to Belmont’s shops, dining and supermarkets
– Walk to the lake and moments to the beach
– Short drive to Belmont Hospital, schools and services
– Easy access to Newcastle CBD via Pacific Highway (18km)

Disclaimer:
All information provided by Wilton Lemke Stewart in the marketing of a property for sale or lease has been sourced from various third-party outlets that we deem reliable. Nonetheless, Wilton Lemke Stewart cannot ensure its absolute accuracy, and we bear no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements in the information provided. Prospective buyers and tenants are encouraged to conduct their own due diligence and rely on their own investigations. All images, measurements, diagrams, renderings, and data are indicative and for illustrative purposes only, subject to potential changes.