FOR SALE
Guide $4,600,000 - $5,060,000

26 Lemnos Parade
The Hill NSW 2300

Bedrooms: 14
Bathrooms: 6
Car spaces: 6
Land area: 1048m2
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Entire Unit Complex To Be Sold In-One-Line

For Sale via Expressions of Interest closing 8 August at 4pm
- Net income of $232,541* per annum
- 4 minutes* to Newcastle beach
- Generous block of 1,048sqm*
Introducing an exclusive offering in the sought-after beachside suburb of The Hill, 26 Lemnos Parade presents a rare opportunity to acquire an entire unit block, sprawling across a generous 1,048sqm* lot. Comprising six residential apartments each with their own strata title, the property includes two 3-bedroom units and four 2-bedroom units, each accompanied by a secure lock-up garage.
Meticulously renovated to the highest standard, these apartments exude luxury with their premium finishes, spacious layouts, abundant natural light, and elegant timber flooring. With an impressive annual net income of $232,541*, this property ensures financial stability through its diversified revenue streams.
Situated in a prime location, residents can enjoy easy access to Newcastle Beach, Bar Beach, King Edward Park, and the vibrant Darby & Hunter Street. Furthermore, it's conveniently close to Newcastle's finest schools like Newcastle East Public and Newcastle Grammar, further enhancing its appeal as an exceptional investment opportunity in a highly desirable locale.
- Annual net income of $232,541* per annum
- Entire unit block comprising six residential apartments, each accompanied by a secure lock up garage
- Sought-after beachside suburb, located near premium lifestyle amenity
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Property Details for 26 Lemnos Pde, The Hill

26 Lemnos Pde, The Hill is a 14 bedroom, 6 bathroom BlockOfUnits with 6 parking spaces. The property has a land size of 1048m2. The place is currently for sale with Presence Newcastle, Lake Macquarie, Central Coast & Hunter.

Building Type
BlockOfUnits
Land Size
1048m2

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About The Hill 2300

The size of The Hill is approximately 0.6 square kilometres. It has 9 parks covering nearly 25.7% of total area. The population of The Hill in 2011 was 1,716 people. By 2016 the population was 1,940 showing a population growth of 13.1% in the area during that time. The predominant age group in The Hill is 20-29 years. Households in The Hill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Hill work in a professional occupation. In 2011, 46.9% of the homes in The Hill were owner-occupied compared with 44.7% in 2016.

The Hill has 1,386 properties. Over the last 5 years, Houses in The Hill have seen a 51.91% increase in median value, while Units have seen a 27.37% increase. As at 31 October 2024:

  • The median value for Houses in The Hill is $2,081,644 while the median value for Units is $772,660.
  • Houses have a median rent of $530 while Units have a median rent of $530.
There are currently 4 properties listed for sale, and 3 properties listed for rent in The hill on OnTheHouse. According to CoreLogic's data, 56 properties were sold in the past 12 months in The hill.

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Ryan Houston
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Gabrielle Coleman
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Presence Newcastle, Lake Macquarie, Central Coast & Hunter
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