59 Omiah Way, Piggabeen NSW 2486

Here is the perfect opportunity for either an owner occupier or the savvy investor to secure a property full of potential along with the added bonus of a great return.

Currently separated into several self contained dwellings, the property generates just under $1400 per week income!!

You can choose to keep this entire income stream OR move in to the main residence and retain up to $900 per week OR combine them into 1 house with 6 bedrooms, 3 bathrooms and still have self contained accommodation for guests.

Features include -

Main residence:
3 bedrooms, 1 bathroom, 2 toilets plus home cinema and ducted air conditioning.

Upstairs unit:
2 bedrooms 1 bathroom and 1 toilet.

Downstairs granny flat:
1 bedroom, 1 bathroom and 1 toilet.

5kw 3 phase Solar System
Tennis court (needing renovation)

And for the hobby farmer:
â?¢ 2000 square metre irrigated shade house
â?¢ 3 Mega litre dam
â?¢ Extensive underground irrigation network spanning most of the property.

All rentals currently include power, gas, Internet and Foxtel which adds a cost of around $160 per week when you take into account the rates.

There is no town water or sewerage however the property includes 3 separate septic systems which easily handles the number of tenants plus a water bore that has been tested to supply drinking water at a rate in excess of 20,000 litres per day. This is extremely unique for a rural property.

Given the current rental income this property has a net return of approx. 7%. Also, the Cobaki lakes development is getting very close, and all indicators make this a very attractive property for an investor.