Carlie McDonald
+ 61 0403 122 229
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Sold
Block_of_units
SOLD on Dec 2023
$1,290,000
1 5/7 Bellevue Road, Belmont, NSW, 2280, Australia
6
5
5
512.2 m²
Property Rates
- Council Rates$2543. Yearly
About this Property
Introducing a compelling prospect for discerning investors, this fully tenanted five-unit complex presents an enticing opportunity. Comprising four x one-bedroom residences on the ground level and a spacious two-bedroom dwelling on the upper floor, the property stands as a lucrative income-generating asset, boasting an annual gross return of $72,500. Nestled in an exclusive lakeside cul-de-sac, surrounded by high quality homes, 7 Bellevue Road epitomises prime real estate.
Consider embracing the status quo or seize the chance to enhance value through strategic renovations that have the potential to elevate rental income. Alternatively, explore avenues such as individual strata title subdivision or a transformative knockdown-rebuild or development project, taking advantage of the block's scenic lagoon and lake views. All possibilities hinge on securing council approval, unlocking the true potential of the 512.2sqm landholding.
Beyond the boundaries of this property, a plethora of activities await, including sailing, fishing, cycling, golfing, and beach outings. Tinta and the Gunyah Hotel are close by for great dining options, while Belmont town centre lies just 1300m away, ensuring convenient access to daily essentials.
Dual level five unit complex on 512.2sqm block zoned R2 Low Density
4 x ground level one bedders, two bedroom dwelling upstairs with lake and lagoon views
Five car spaces
Current gross annual return of $72,500 with scope to increase through renovation
1300m to Belmont Citi shops and eateries
5 minute drive to Blacksmiths Beach and Belmont Golf Club
20km/27mins to Newcastle, 115km/85mins to outskirts of Sydney
Detailed Information Memorandum available upon request
Consider embracing the status quo or seize the chance to enhance value through strategic renovations that have the potential to elevate rental income. Alternatively, explore avenues such as individual strata title subdivision or a transformative knockdown-rebuild or development project, taking advantage of the block's scenic lagoon and lake views. All possibilities hinge on securing council approval, unlocking the true potential of the 512.2sqm landholding.
Beyond the boundaries of this property, a plethora of activities await, including sailing, fishing, cycling, golfing, and beach outings. Tinta and the Gunyah Hotel are close by for great dining options, while Belmont town centre lies just 1300m away, ensuring convenient access to daily essentials.
Dual level five unit complex on 512.2sqm block zoned R2 Low Density
4 x ground level one bedders, two bedroom dwelling upstairs with lake and lagoon views
Five car spaces
Current gross annual return of $72,500 with scope to increase through renovation
1300m to Belmont Citi shops and eateries
5 minute drive to Blacksmiths Beach and Belmont Golf Club
20km/27mins to Newcastle, 115km/85mins to outskirts of Sydney
Detailed Information Memorandum available upon request
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More Details on 1 5/7 Bellevue Road, Belmont NSW
How many bedrooms and bathrooms does 1 5/7 Bellevue Road, Belmont have?
1 5/7 Bellevue Road, Belmont is a 6 bedroom, 5 bathroom block_of_units.
Who is the agency that listed 1 5/7 Bellevue Road, Belmont?
The agency who listed 1 5/7 Bellevue Road, Belmont is Robinson Property - you can contact the agents here.
How many car spots does 1 5/7 Bellevue Road, Belmont have?
1 5/7 Bellevue Road, Belmont is a 5 car spot home.
How much is 1 5/7 Bellevue Road, Belmont?
The price of 1 5/7 Bellevue Road, Belmont is $1,290,000 - contact the agents to find out more.