46 Throsby Street, Moss Vale NSW 2577

This Property presents a rare and outstanding investment opportunity with an excellent income stream plus further development potential (STCA).

Positioned on a beautiful 2,985 sqm parcel of land are 8 residential flats. 3 flats are within a stunning weatherboard home while the remaining 5 flats are divided between two detached brick and tile buildings.

• Flat sizes are 5 x 2-bedroom flats and 3 x 1-bedroom flats.
• Carport accommodation for 8 vehicles (one for each flat) plus 4 visitor parking spaces.
• Hardstand visitor parking areas.
• Beautifully landscaped grounds with established easy-care gardens and lawns.
• All-weather driveway access to all flats.

If fully occupied at today's market rents the 8 flats would return approximately $172,000 gross per annum*. Current returns are under this amount as flat 4 is vacant and some rents are below market.

Further development potential (STCA) includes strata subdivision of the brick flats and/or a 3 lot Torrents title subdivision of the Property with each set of flats on its own title (previously approved by Council in 1994 but the approval has since lapsed).

There is also potential to convert the weatherboard home back to a single dwelling. It enjoys many beautiful features such as high ceilings (up to 3 metres), two original fireplaces, large country style verandah and timber floorboards.

Enjoying an excellent location close to the town centre, the Property is a one off and so this presents an opportunity not to be missed.

Contact Doug Drysdale on 0422 301 913 or [email protected] for an Information Memorandum.

*This is a genuine estimate as at 28 May 2024 but is not a guarantee of return as markets fluctuate up and/or down over time.