1 Kemp Street

The Junction NSW 2291

Positioned in this precious pocket of Newcastle is the unique opportunity to own a block of four units in its entirety, being sold under one title. This address offers investment revenue and capital growth potential along with possibilities for redevelopment or conversion to strata title (STCA) within one of Newcastle's most sought after locations. Less than one kilometre to the beach and just a short stroll to all the essential services and specialty shops of The Junction, prospects like this are rare.

Currently fully tenanted returning $96,600 pa with room for growth, 2 x 2 bedroom and 2 x 1 bedroom units all have built-in wardrobes, air conditioning in the living areas and gas stovetops in the kitchen. Each unit has ample living space with room for a home office/study and the wide windows and sliding doors allow light and sea breezes to flow through. Two ground floor units feature a generous side courtyard, the top rear-facing apartment has a generous balcony while the top front-facing apartment hosts wrap-around windows for even more light.

The Junction is a much coveted, self-contained suburb within reach of neighbouring attractions. Take the walk to Bar Beach, the famous Darby Street is only one kilometre away, and in under ten minutes' drive you can be at the Newcastle Art Gallery, The Civic Theatre and the Honeysuckle Precinct for all your cultural and entertainment desires. This location offers strong value retention for both investors and developers.