Newcastle West 11/575 Hunter Street

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The Quest Apartments in popular Newcastle West offers low-maintenance and a great return. This apartment is perfectly established in a sought-after area with features to accommodate short to medium term tenancy for visiting professionals or extended family. A fantastic investment opportunity, take peace of mind that accommodation is managed by Newcastle Quest Inn Pty Ltd with this apartment under lease until June 2025 + one 5-year lease option for the tenants. Currently returning $447 per week with the tenant paying 50% of council rates, 100% of water rates and 100% of Strata Admin Levy.

Centrally located amongst the vibrancy of city life, this apartment offers spacious living - a rare gem for 1-bedroom apartments. The balcony is oversized and the layout flows open plan. Tenants will also have access to the fabulous amenities available within the complex, such as the gym, indoor pool and secure parking.

The Quest Apartment complex is situated within minutes' walk from popular eateries, the developing foreshore, Wickham interchange and Newcastle's revitalised CBD. if you're looking to invest in the flourishing Newcastle market, this apartment will tick all the boxes.

Rental Income: $23,244 p/a4% Annual CPI IncreaseModern apartment in the centre of Newcastle's CBD.1 Bedroom with BIRs; ensuite to the main; internal laundry.1 Spacious bathroom. Quality kitchen appliances.Open-plan living/dining with direct access to an oversized private balcony.Use of amenities including gym, spa and pool. Council Rates: Approx. $1,412 p/a (Owner pays 50%).Water Rates: Approx. $705 + usage p/a.
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