25 Mitchell Street

Stockton NSW 2295

Each unit has its own bathroom, kitchen or kitchenettes and majority having air conditioners.

The gross annual rental return at present is $76,960.00 while the vacant commercial shops could return approximately another $400 each per week once completed.

The location of the property is just amazing, being just a short distance to popular cafes, bars, restaurants, and you are only 500 metres "approximately" to the Beach, Stockton Ferry, to take you into Newcastle CPD, with over 50 services running daily, while Newcastle Airport is only a 16km drive.

Stockton has just been approved by the Government to build another 500 homes, so the growth of the area will keep always be there, and the need for commercial shops will be ongoing.

There are no inspections of the property, as all properties are tenanted, except for the 2 vacant commercial retail shops.

The property sits on a great 262m2 corner block, and is zoned E1 Local Centre, and can be utilized in many ways.

For a copy of the draft contract of sale, and outgoings please call or email me at any time.

DISCLAIMER: We have in preparing this document used our best endeavors to ensure the information contained is true and accurate but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document.