Fantastic opportunity for a 1st home buyer, investor, or Commercial home office buyer to secure this spacious 1-bedroom apartment positioned in the heart of Cooks Hills Cafe and shopping hub.

This apartment has the benefit of B4 Mixed Use Zoning potentially also allowing commercial office for a small consulting practice. This property is currently leased for $420 per week till May 2023 to a lovely tenant and will make the perfect, low cost investment, 1st home or cost-effective Newcastle holiday pad. The apartment is positioned in a boutique block known as "Red Square" comprising of only 8 apartments, ground floor commercial suite and no lift that minimises strata outgoings.

This spacious apartment is strolling distance to access light rail, beaches, shops and harbour entertainment precinct. A unique buying opportunity, when these unit's 1st sold in 2014 they sold quickly and history is sure to repeat itself. Inspection only by appointment.

• Rare opportunity to purchase in small 8 unit building, Red Square.
• Positioned in the heart of Cooks Hill's cafe and shopping hub.
• Spacious 51m2 approx apartment.
• Perfect 1st home, short stay holiday pad or investment, $420 PW Currently.
• Stroll to access light rails, beach and harbour lifestyle.

Water Rates : $616.26 p/a

Council Rates : $1442.81 p/a

Strata Levies : $2231.40 p/a

Rental - $420 p/w