$500,000

8 Bed  •  4 Bath  •  2 Car  •  1m²

Main view of Homely block of units listing, 7 Margaret Street, Tamworth NSW 2340
Second view of Homely block of units listing, 7 Margaret Street, Tamworth NSW 2340
Third view of Homely block of units listing, 7 Margaret Street, Tamworth NSW 2340
+15

Sold

7 Margaret Street, Tamworth NSW 2340

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$500,000

  • 8
  • 4
  • 2
  • 1m²

Block of Units Sold on Tue 24 Nov, 2020

What's around Margaret Street

Block of Units description

“SOUTH TAMWORTH – 1 Title. 3 Incomes. 6.48% Gross Return.”

Call First National Real Estate Tamworth on (02) 67666122

Lot 22 in Deposited Plan 15714
Long term cash cow investment here with this brilliant package deal in the heart of Tamworth.
1,012 sqr mtrs with 2 street frontages (Margaret Street & May Lane) with drive through access to both streets.
Fast Facts:
1. 1 Title - Torrens Title
2. 1,012 Sqr mtr block with 2 street frontages (Margaret Street & May Lane)
3. An ideal buy and hold for the future years with that added re-development potential
4. The original federation homestead plus a duplex with 2 x 2 BRMs
5. Unit 1 (original home) returning $275 per week
6. Units 2 & 3 (duplex) $190 each per week
7. Returning $655 per week or $34,060 yearly = 6.48% Gross return
Council rates are approx. $5,720
Council water rates vary and are user pay
Contact:
Margo Taggart 0427-167 282 Principal
David Doherty 0417-288 545 Principal
Brooke Phillis 0432-561 719 Licensed Agent

Disclaimer: We have not verified whether or not that the information in this advertisement is accurate and we do not have any belief one way or the other of its accuracy. All purchasers must rely completely upon their own inquiries before purchasing.

First National Real Estate Tamworth is
Tamworth furnished accommodation; strata management agents in Tamworth; residential sales in Tamworth; property management agents in Tamworth; rural sales agents in Tamworth; and licensed auctioneers.

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Municipality

Tamworth Regional Council

Land details

Area: 1m²

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