30 Margaret Street, Mayfield East, NSW 2304

A rare opportunity to secure a fully leased 4 flat investment in a tightly held Mayfield East location. Held by the same family for more than 40 years, this is the type of property that seldom comes to market.

Currently returning approximately $92,000 per annum, with the potential to increase the gross rental income to over $100,000 per annum, the property offers an impressive income stream from day one together with further scope for rental growth.

Unit 1 is a neat and tidy two-bedroom flat featuring two double bedrooms, a comfortable living room, updated kitchen and its own lock-up garage.

Unit 2 is also very well presented and offers one bedroom, a separate living room and updated kitchen.

Units 3 & 4 were constructed in the early 1990s as a duplex pair. Each features two bedrooms, open-plan living and kitchen, bathroom, separate toilet, internal access to a lock-up garage and a private courtyard. Unit 4 was updated in 2024, while Unit 3 is occupied by an exceptional long-term tenant who has called it home for approximately 30 years.

Positioned in an exceptionally quiet street yet wonderfully convenient, the property is within easy reach of Mayfield's shopping precinct, public swimming pool and bowling club, with public transport providing straightforward access into Newcastle CBD.

With 4 established income streams, full occupancy and genuine potential to increase the return, this is an outstanding opportunity for investors seeking a substantial residential holding in one of Newcastle's most convenient and consistently popular suburbs.

Type

Block Of Units

Bedrooms

7

Bathrooms

4

Parkings

3

Area

1,057 m²