.18 Parkes Street, Cowra NSW 2794

Close to town on a low maintenance corner block, this property is an ideal investment, currently tenanted and returning $220 per week, that's a 6.39% return PA.

The house oozes 'old fashioned charm', offering a double brick, rendered construction with 3 good size bedrooms and pressed tin feature entrance area.

An eat-in kitchen & dining area with gas stove and sunny North facing windows. The lounge room is in the centre of the home, with an in-built wood heater radiates to the rest of the home.

Their is a neat and tidy family bathroom while the laundry has a 2nd toilet.

Double carport parking.

DEVELOPMENT POTENTIAL: The property is positioned on the coner of Parkes & Brisbane Streets. The owner is a local land surveyor and has drawn plans for a two bedroom unit to be constructed at the rear of the land 'facing Brisbane St' - next to two new units 'nextdoor'. If you were to purchase the property, the plans come with the sale for further development potential (all subject to council approval - for the unit approval along with the land sub-division) Plans for this unit are within the property images.

The property is currently tenanted for $220/pw on a fixed lease until 10th February 2016.

LAND SIZE: 702M2

48 hrs notice is required for inspections as this is a rental property.