6 Victory Parade, Wallsend NSW 2287

A strategic, fully-leased residential complex with immediate returns and long-term growth potential

For Sale by Expressions of Interest closing Tuesday 9th December at 12pm

This fully established residential complex presents a substantial tenanted investment opportunity with strong income performance and long-term growth potential. The property comprises 36 self contained apartments across two wings, offering a mix of one bedroom and studio layouts that appeal to a broad tenant base, including students and professionals. With 31 units currently leased and 5 units withheld from leasing for use as display suites, the complex generates an annual income of $804,960, supported by consistent occupancy trends in the local rental market.

Each wing of the complex has been designed for operational efficiency, with a total building area of 1,946 sqm* on a site of 2,158 sqm*. The accommodation mix includes 24 one-bedroom apartments and 12 studio units, complemented by 24 onsite car spaces. The layout and amenity provide strong ongoing rental demand, with flexibility for future refurbishment or portfolio value enhancement.

Positioned within walking distance of Stockland Jesmond Shopping Centre and just 1.9km from the University of Newcastle, the property offers excellent accessibility and convenience for residents. It also benefits from proximity to the soon-to-be completed Newcastle Inner City Bypass, providing improved connectivity to John Hunter Hospital and key employment precincts. Jesmond's continued population growth, easy access to Newcastle Road, and strong transport links further underpin tenant demand, supporting the property's income stability and long-term investment performance.

In addition, the owner also holds 2 Victory Parade, Wallsend, a 594sqm adjoining parcel that presents a prime development opportunity with the potential to accommodate up to nine residential units (STCA). Together, the combined landholding offers excellent flexibility for investors or developers seeking both a strong income-producing asset and a future development pipeline within the same precinct.

Property key features
- Total building area 1,946 sqm* providing scale and operational efficiency
- 36 self-contained units across two wings with a mix of layouts
- 24 one-bedroom and 12 studio apartments catering to tenant variety
- Strata Titled
- 24 onsite car spaces supporting resident convenience
- Fully let annual income of $804,960*
- Five vacancies providing potential to increase gross return
- Site area 2,158 sqm* zoned R3 Medium Density Residential
- Located 1.9km from University of Newcastle supporting consistent rental demand
- 600m to Stockland Jesmond Shopping Centre offering daily retail amenity
- Strong transport connectivity via Newcastle Road and local bus routes

Approximately*