1 & 2/213 Cadell Street, East Albury NSW 2640

Every once in a while an investment opportunity presents itself - well, check this out.

This property is located in East Albury approximately 2km to the CBD, and only 500m from the Albury base hospital. The premium location is walking distance to local shops, schools, sporting facilities and a quick drive to the airport. With all that is on offer in this area, there will never be a shortage of tenants looking to take advantage of this location, including medical staff.

The property currently has 2 x 2 bedroom detached townhouses with approximately 900 sqm of undeveloped land at the rear of the property. This rare land opportunity already has DA approval for further development and includes rear lane access.

The townhouses are spacious and modern in design, comprising formal lounge, updated kitchen with quality appliances, island bench and walk-in pantry. There is also a full bathroom, separate toilet, ducted heating and cooling, double lock up garage with remote door and internal access. There is plenty of room in the private courtyard to enjoy the company of friends and a BBQ.

The current combined rent is $795 per week to long-term tenants with perfect history. With the lack of land so close to the CBD, this is an outstanding opportunity to secure both a great investment and future development.

This can be purchased together or on an individual basis.

Front Unit: $450,000-$470,000
Back Unit Including Land: $650,000-$670,000
Total block size: 1881.83 sqm
Block frontage: 30.175m
Block length: 62.364m
Rates: $3,032.11 pa for the block
Water $1,704.90 + Consumption for the block

*All information contained herein is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.