70 Ridge Street, Nambucca Heads NSW 2448

An opportunity awaits the right investor with this perfectly positioned property consisting of five units that have always enjoyed high rental occupancy. The building sits high on a large block of 1297 sqm, zoned R3 Medium Density Residential with a height allowance of 12 metres, the vacant land at the rear may be suitable for future development.
Potential rent is as follows: 1x3bedroom @$210pw; 2x1bedroom @$160pw; 1x2bedroom @$160pw; 1x2bedroom @$155pw TOTAL=$845 gross rent achievable.
Located midway between the main street shops and glorious beaches of Nambucca Heads; there is also access to the river less than 500m away, and ocean views from the front balcony, kitchen and bedroom windows of the upper level unit.
This could be the opportunity you?ve been looking for; our Vendor is motivated to sell - serious investors are invited to call today for more info and to arrange an inspection.