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An exciting opportunity for an investor, this sought-after property offers four flat style units, complete with scope to capitalise on improvements. The commercial zoned B3 461sqm block is at a prime address, 150 metres to Bowra Street shops and cafés.
- Attractive rental return of $825 per week when fully let
- Offers strong 5.52 percent rent yield after deducting rates
- Solid income, currently has three long-term tenants in place
- Features two studio residences, a 2 bedroom unit and a 1 bedroom unit
- Basic kitchens, functional bathrooms, one or two bedrooms
- Option to redevelop in future (subject to council approval)
- Established grounds, gently sloping low maintenance garden
- Great seaside lifestyle, walk to beaches and Nambucca River
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