Block of units for Sale
$475,000
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Five Neat Apartments - Freshly Renovated Strata Title Possibility

160 Bulwer Street, Tenterfield, NSW 2372

5 bed5 bath5 car
These five apartments have been fully renovated, improvements including new kitchens, bathrooms, paint and polished floors. They are situated in a quiet location a few blocks from the town centre.

Each unit has its own covered carport just outside each front door and overlooks rural land, these are features that are attractive to a tenant. A combined kitchen and living room leads into a spacious bedroom and bathroom.

The total land size, being just 808.6 m2, means there is little garden maintenance to do, with the yearly bill coming in at just under $1,000 pa.

The 7.7% gross return has been reliable with almost 100% occupancy at all times. The yield is increasing and it should achieve 8% in the next year or so. There is nothing to do here, just buy and hold and look forward to the increasing rents.

This property has been assessed by council and is ready to convert into strata title with nothing extra to do except create the body corporate. There is already an approved survey plan for each unit.

Call Carol Axworthy Seven Days for more information or an inspection on 0411 229 011.

Some information supplied by the vendor.

Main details

Price:$475,000Address:160 Bulwer StreetSuburb:TenterfieldPost Code:2372Type:Block of UnitsBedrooms:5Bathrooms:5Car Spaces:5

Land Details

Area:809 m²

Additional Features

Carports:5Other Features:0

Schools in and around Tenterfield

532m from propertySecondaryPublicNon-Denominational
571m from propertyPrimaryPublicNon-Denominational
1.2km from propertyPrimaryPrivateCatholic
16.3km from propertyPrimaryPublicNon-Denominational
17.4km from propertyPrimaryPublicNon-Denominational