209 St George St, Mungindi NSW 2406

The Phone Code for this property is: 25991. Please quote this number when phoning or texting.

Unlock the potential of this securely leased home with large front verandah on a sprawling 1400m² freehold block amidst natural beauty

It's positioned opposite the police station in Mungindi, a quiet town in the north-west corner of New England, NSW.

Investment Highlights:
• Secure Income Stream: Currently leased to a reputable local farm business this property generates $295 per week. Rent can be lifted to $600+ per week through a strategic reconfiguration into a four-bedroom shared house or women's refuge (Plans available).

• Development Potential: Run a caravan operation in the large 700m2 backyard (STCA) and/or subdivide the yard with the option of selling it off.

• Prime Location: Opposite Mungindi Police Station for added security. Across the road to the popular Flock Coffee Shop. Just a few steps from essential amenities and recreational spots - 300m from the serene Barwon River, protected by a levee, and close proximity to the Queensland border enhance its appeal.

• Additional Investment Perk: Option to purchase an adjoining 1400m² vacant lot next to a Council-owned bush tract with natural beauty. R1 - Residential zoning allows the vacant land to be used for a motel, backpackers accommodation and/or neighborhood shops. Favorable three-year buy-now-pay-later vendor terms.

• Lifestyle and Convenience: Enjoy the convenience of local facilities all within a short walk: a pub, hospital, library and supermarket. Artesian spa pool. New tennis courts. Racecourse and showground. Golf course. Fishing club. Seventy minute drive to the Sydney train terminus and Moree Airport.

• Energy Efficient Living: Benefit from the installed solar panels, offering sustainable living and reduced utility costs.

This property presents a rare opportunity for investors to use their superannuation or other funds to invest in a growing farming and tourism community.

With its dual income potential, development options and strategic location, this investment is poised for significant appreciation.

Price $260,000. Insured for $350,000. Replacement cost ~$475,000.

Act now to harness the potential of this versatile property.

Call us directly on the phone number above.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.