FOR SALE
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703 Pacific Highway
Belmont NSW 2280

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 204m2
Land area: 474m2
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Triple Income Property – Prime Location 150mts to Lake Macquarie

OPEN HOUSE - Saturday 30th November, 2024 - 2.15PM - 2.45PM
Discover an exceptional investment opportunity with this versatile triple income property, perfectly situated just 150 metres from the stunning shores of Lake Macquarie. Set on a 474m2 lot, this property offers a mix of residential and commercial spaces, ideal for generating steady rental income.
Unit 1/703 features two bedrooms, one bathroom, a separate lounge and dining area, a single carport space with a courtyard. This unit provides a comfortable living environment, making it an attractive option for tenants seeking space and privacy. Internal Floor 71m2 approx.
Unit 2/703 offers a modern, open-plan living experience with two bedrooms, one bathroom, a well-appointed kitchen and a spacious balcony. Additionally, this unit boasts a large multipurpose room, perfect for a home office or entertainment space, along with a single carport space. Internal Floor 76m2 approx.
The commercial shopfront, known as 703 is currently leased to Studium Essentials Naturopathy & Skin Care. It includes a kitchenette, consultation room, a display room, a storage room and a bathroom along with a dedicated carport space. This commercial space is ideal for entrepreneurs looking to capitalise on the high-traffic location. Internal Floor 57m2 approx.
Whether you're looking to invest in rental properties, expand your portfolio or start a business, this triple income property offers endless possibilities. Contact us today to schedule a viewing and explore the potential of this prime real estate opportunity near Lake Macquarie.
-Shop 703 - Monthly Rental Return $1,354.62 + outgoings (Lease Expiry 30/10/24 with a 1 year option)
-Unit 1/703 - Weekly Rental Return $370 (Lease Expiry 16/1/25)
-Unit 2/703 - Weekly Rental Return $360 (Lease Expiry 15/11/24)
-474m2 Block – Zoned R2 Low Density Residential
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Property Details for 703 Pacific Hwy, Belmont

Building Type
Commercial
Floor Size
204m2
Land Size
474m2

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About Belmont 2280

The size of Belmont is approximately 10.4 square kilometres. It has 11 parks covering nearly 3.8% of total area. The population of Belmont in 2011 was 6,419 people. By 2016 the population was 7,123 showing a population growth of 11.0% in the area during that time. The predominant age group in Belmont is 50-59 years. Households in Belmont are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Belmont work in a professional occupation. In 2011, 65.2% of the homes in Belmont were owner-occupied compared with 66.1% in 2016.

Belmont has 4,078 properties. Over the last 5 years, Houses in Belmont have seen a 64.54% increase in median value, while Units have seen a 36.85% increase. As at 31 October 2024:

  • The median value for Houses in Belmont is $873,298 while the median value for Units is $622,618.
  • Houses have a median rent of $580 while Units have a median rent of $470.
There are currently 42 properties listed for sale, and 15 properties listed for rent in Belmont on OnTheHouse. According to CoreLogic's data, 151 properties were sold in the past 12 months in Belmont.

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