163 BARAANG DRIVE, Broadwater NSW 2472

3 separate Rentals! 1 property!
Approximately 10 mins to Evans Head, 15 mins to Ballina, 35 mins to Byron Bay, 60 mins to the Gold Coast (International Airport) and less then 5 mins from Broadwater Beach. Boat ramp access 900 metres around the corner.

Located in the village of Broadwater holding a commercial residential title (zone Ru5) the property has a variety of uses. Currently set up for residential use with the option of commercial use if desired. The 1900-built hardwood building has been completely renovated & consists of two levels. With a three-bedroom flat upstairs boasting polished timber floorboards, high ceilings & an outside servery onto a large hardwood wrap-around verandah. This home has a complementary blend of the old & the new that makes it truly unique.

Upstairs flat is now vacant recently rented for $650.00 p/w. Downstairs is suitable as another 3 bedroom unit totally separate, separate power metre current rental income $550 p/w. The 3rd section of the property has a 2 x 8x6 meter brick sheds with power & water. One has been converted into a studio. There is the possible option of having a 3rd power metre installed making this section of the property ideal for a separate commercial rental to maximise rental income. Current rental income $350 p/w
The Garage & studio already has its own sub-board. All 3 sections of the property are separately fenced, the block is 804 m2, floor space 1st floor 275 m2, ground floor 275 m2. The property.
All enquiries & questions are welcome.

Property is insurable for the sum of 870k. Flood,fire,Theft,vandalism etc. Full cover.
$5120 annual premium ($98 p/w)
If paid for full year upfront.
$6145 annual premium ($118 p/w)
If paid monthly.
Excess $5000.

Please contact via email or phone using the enquiry code or form.