16 Cumberland Street, Cessnock NSW 2325

Cessnock

16 Cumberland Street

  • For Sale

Brand new approved boarding house

For Sale by Expressions of Interest closing Thursday 21 July at 4pm

This property presents an opportunity to acquire a brand new approved boarding house with significant depreciation benefits in a desirable asset class.

All rooms include internal bathrooms, kitchenettes with induction cooktops and rangehoods, laundries and individual remote controlled air-conditioning. The building includes a full CCTV system which is run from the manager’s office, internal chairlift between floors, and internal and external common breakout areas.

Centrally located, the property is within a short walking distance to Coles, Woolworths, Aldi & Big W. Other surrounding amenity includes numerous schools, Cessnock TAFE, childcare centres, and the Performing Arts centre.

- Total site area of 735.79sqm*
- 12 rooms across two split levels with chair lift
- On-site car parking for five cars + three motorcyles + bicycles
- Surrounded by residential amenity
- B4 Mixed Use zoning
- Estimated potential income $156,000* per annum
- Suitable for boarding house, short term accommodation, NDIS or medical tenants (STCA)

*Approximately

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