East Gosford20 & 20a Lynnette Crescent

Approved Dual Occupancy & Fantastic Investment Opportunity

If you're looking for an amazing investment opportunity, look no further!

20 & 20a Lynnette Crescent is an established investment, with quality long-standing tenants in both dwellings who are very keen to stay on and ready to commit to new long-term leases.

The older-style single level home is situated at the front of the block, and it has three bedrooms, one bathroom and a designated carport. At the rear of the 659sqm block is a council approved modern two-bedroom granny flat with one bathroom and one carport space.

The lot backs onto a level grassed parkland with rear gate access, and both properties are separately metered for electricity. Showing a solid 5% rental return, this would be the perfect addition to expand your property portfolio, or even enter in the investment market. The total return per week is $950 and council rates for both properties is $2100 per year.

The current owners have had the property for approximately 10 years, and the tenants residing in the main house pre-date that purchase.

With East Gosford precinct only a short, level walk away and also being just a few minutes' drive from Erina Fair Shopping Centre, Terrigal beach and Gosford CBD, this property ticks many boxes for an astute investor.


*Agent declares interest - this property is owned by the Principal Stephen Gittoes' brother.

DISCLAIMER: This advertisement contains information provided by third parties. While all care is taken to ensure otherwise Gittoes Leaders In Property does not make any representation as to the accuracy of the information contained in the advertisement, nor does it accept any responsibility or liability, and recommends that any client makes their own investigations and enquiries. All images are indicative of the property only.