1-7/21 William Street, Jesmond, NSW 2299 - More Details
Expressions of Interest
Opportunities like this don't come around often. This is a whole-of-complex investment that's fully compliant, renovated, and already proving itself in the market before a buyer even puts pen to paper.
1-7/21 William Street, Jesmond is seven individually strata-titled, fully furnished units set on one 1,012m²* site, offered for sale as a single line with vacant possession. Over the past two years, this complex has been completely transformed. Council approval for short-term letting is secured under Tourist and Visitor Usage zoning. Every unit has been renovated with new power infrastructure, individual sub-metering, a full render, restored roofing and complete internal fit-outs throughout.
It's successfully operating right now as a professionally managed short-stay portfolio, backed by a genuine, verified performance history that's proven rather than promised. A buyer can step straight into the existing short-stay operation and ride the momentum or pivot the whole complex to long-term tenancies or a blend across the seven titles. Whichever way it's run, the private courtyard on every unit, the mix of garage, carport and open car parking, and the disability-friendly design of Unit 1 give it broader appeal than a typical short-stay block.
There's real strength in how this income can be shaped, too. Buy it now as a single line and hold the whole complex as one high-performing asset, or look further down the track at splitting the seven individually strata-titled units and selling them off one by one for a staged exit.
The location does plenty of the heavy lifting too. Minutes from John Hunter Hospital and the University of Newcastle, and set on Jesmond's superior eastern side bordering North Lambton and Pilkington St Reserve, this pocket of the suburb has seen unit values climb close to 30% over the past year driven by exactly the kind of hospital staff, outpatients, students and student parents who keep both long-term rentals and short-stay bookings full. Newcastle Airport adds further weight, now flying international to Bali and Singapore with more destinations on the horizon, plus daily interstate routes to every major capital, and recently named Australia's Airport of the Year. The M1 extension through Hexham opened this month, ahead of schedule, tightening the drive in further still. Just 4km, an 8-minute drive, from the McDonald Jones Stadium precinct and the future Broadmeadow entertainment and housing precinct, set to bring 40,000 residents and 8,000 jobs to the area, this is a growth pipeline that keeps short-stay and contract worker demand building for years to come.
Standout Features:
* 7 self-contained units: 5 x one-bedroom, 2 x two-bedroom, all fully furnished
* Council-approved short-term letting under Tourist and Visitor Usage zoning
* Two years of verified short-stay trading history under professional management
* Full capital works completed: new power, sub-metering, render, restored roofing, internal renovations
* Private courtyard on every unit; garage, carport and open car parking across the titles
* Unit 1 is disability-friendly with a dedicated accessible car space
* Individually strata titled: hold as one line or sell down individually in future
* Vacant possession on completion or continue with current bookings
For sale via Expressions of Interest ending Thursday 29th October 4:00pm
A joint venture campaign between Presence Projects and Commercial Collective.
Disclaimer:
All information provided by Presence Real Estate in the promotion of a property for either sale or lease has been gathered from various third-party sources that we believe to be reliable. However, Presence Real Estate cannot guarantee its accuracy, and we accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements in the information provided. Prospective purchasers and renters are advised to carry out their own investigations and rely on their own inquiries. All images, measurements, diagrams, renderings and data are indicative and for illustrative purposes only and are subject to change. The information provided by Presence Real Estate is general in nature and does not take into account the individual circumstances of the person or persons objective financial situation or needs.
- Type
- Block Of Units
- Bedrooms
- 9
- Bathrooms
- 7
- Parkings
- 8
