1-4/59 Womboin Road, Lambton NSW 2299

Property Details: • Type: Block of Units

• Bedrooms: 5 • Bathrooms: 4

Description: Presenting an exciting opportunity to secure an entire block comprising four single-level units, three one-bedders and one two-bedder. Each residence has been freshly painted and has an updated kitchen and bathroom, own carport along with access to a shared laundry, creating a straightforward, low-maintenance setup that tenants appreciate. Recent upgrades strengthen the investment, including a brand-new roof and an updated meter board. Owner has recently had the units strata titled. Fully leased and returning a gross $89,440 per annum, it's a ready-made income producer from day one. The solid return and multiple income streams also make it a compelling addition to a self-managed super fund, offering dependable cash flow with flexibility for the future. Investors can retain the block and enjoy all four rentals or sell the units individually over time to owner-occupiers or investors. Location only adds to the appeal. Lambton High School and McDonald Jones Stadium sit just steps away, while New Lambton's lively café and shopping strip is only minutes from home. Westfield Kotara, John Hunter Hospital and the beach are all within easy reach, rounding out an investment that's both smart and highly desirable. - Single level brick apartment block of four residences - 464.3sqm block, zoned R2, 15.39m X 30.17m - Unit four at rear features two bedrooms, units 1-3 each feature one bedroom - Each with electric-equipped kitchen, modern shower bathroom, carport, shared laundry - Currently returning a combined $89,440pa - University of Newcastle 4.8km, Honeysuckle 5.7km, Merewether Beach 7km, - New Lambton Public School and Lambton High catchment zones