174 High Street, Taree NSW 2430

For those investors who seek an excellent return on their money by way of collecting multiple rents from one piece of real estate this Taree West unit block will suit the bill perfectly.
In all this property offers four units, two of which are two bedroom units with the remaining two units offering one bedroom each. All units are self contained with the exception of a common laundry to the rear of the building.
Each unit offers a spacious lounge / dining area and generous bedroom sizes. Some works have occurred inside most units to ensure ease of re-letting when the need arises.
The current rental income from the entire property sits at $645 per week which reflects an outstanding gross return of 8.7% per annum on the asking price.
From an investment stand point the property as it stands is performing beautifully and will no doubt continue to do so well in to the future for any investor. However for those would be developers the current owner has had plans approved by the local council for five brand new units to be built on this site.
The current development approval would ideally suit an investor looking to relocate the current structure and build brand new units to meet the strong demand for modern housing in the Taree West area.
This is a very rare chance to secure a multi dwelling property in the extremely popular Taree West under $400,000. Make no mistake, features such as the location, land area and approved development option will make this property a magnet for prudent investors. Your delay in action may well prove to be a loss of a chance to secure an income producing property at such an affordable price level.