63/575 Hunter Street

Positioned in the heart of Newcastle West, Apartment 63/575 Hunter Street offers an outstanding opportunity to secure a low-maintenance investment in one of the city's most convenient locations. Owners have the flexibility to lease the apartment back through Quest Apartments for a hassle-free investment, or take advantage of the strong demand for short-term accommodation by operating the property as an Airbnb, providing options to suit your investment strategy. This well-appointed one-bedroom apartment has been enhanced with approximately $40,000 worth of renovations to the kitchen and bathroom, providing a fresh and modern finish. Designed for low-maintenance investment, the functional open-plan layout is complemented by a private balcony, while the spacious bedroom with built-in wardrobe, separate internal laundry and split-system air conditioning. Combined with quality on-site amenities, this is a turnkey investment in a tightly held inner-city location. Residents enjoy access to resort-style facilities including an indoor swimming pool, spa and gym, all just moments from Newcastle's best cafés, restaurants, the light rail, Honeysuckle waterfront and the harbour foreshore. Proposed Rental Return from Quest: $28,680.00 ("The Proposed Starting Annual Rental") The above rental proposal is based on the following - Annual increases of 3% - Landlord to pay all strata fees including admin fund and 100% of council fees - Provide 1 x 5-year additional term Lease to expire 2036. Costs incurred for lot owners are - Admin Fund: Approx. $760 p/q - Capital Works Fund: Approx. $300 p/q - Council Rates: Approx. $1,500 p/a - Water Rates: Approx. $260 p/q (Quest covers Water usage) Property Features: - One spacious bedroom with built-in wardrobe - Light-filled open-plan living and dining - Private balcony - Modern bathroom - Split-system air conditioning - Access to indoor pool, spa and gym facilities - Opportunity to lease the apartment back through Quest Apartments - Walking distance to Honeysuckle, Newcastle Interchange, cafés, restaurants and the CBD Disclaimer: All information provided by Wilton Lemke Stewart in the marketing of a property for sale or lease has been sourced from various third-party outlets that we deem reliable. Nonetheless, Wilton Lemke Stewart cannot ensure its absolute accuracy, and we bear no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements in the information provided. Prospective buyers and tenants are encouraged to conduct their own due diligence and rely on their own investigations. All images, measurements, diagrams, renderings, and data are indicative and for illustrative purposes only, subject to potential changes.