Excellent inner city location. Low property expenses makes it a top income earner. Three tenancies, 3 x 1 bedroom units. Current gross rental income $58,760 pa*. Positioned amongst the history and beauty of The Hill, this late 1800s colonial style property has been converted into three separate 1-bedroom apartments offering an outstanding prospect with excellent investment rewards currently returning a combined Gross rent of $1,130pw* Period hallmarks including original fireplaces and ornate ceilings honour the property's heritage, while each apartment features a modern kitchen, bathroom and large living and bedroom space. North facing cathedral and harbour views are best enjoyed from the upper level while a shared laundry in the rear courtyard adds a finishing touch. Perfectly placed to enjoy all of Newcastle's lifestyle attractions, from here it's an easy stroll to Darby Street for coffee, shopping and dining, the harbour and Honeysuckle for entertainment or the beach for a swim or surf. - Renovated, trendy and stylish 1-bedroom apartments - Great rental income currently returning a combined $1,130 per week*. - Presents as a superb ready made investment - Inner city Newcastle - Harbour & Cathedral Views - Common north facing courtyard - Just 1km from the University of Newcastle city campus* - 500m to King Edward Park and 1 km to the beach*. Outgoings: Water: $2,300 pa* Council: $2,995 pa* *Approx. (We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.)