CHEAP DEVELOPMENT OPPORTUNITY IN A STRONG RENTAL AREA mid way between West Wyalong and Temora. Situated in the heart of quaint Barmedman is this former Westpac Bank Building.
Zoned RU5 Village; the building is currently used as a one bedroom home. From the street, you enter a large L shaped living and dining area completed with ducted air conditioning. A small partition has been erected to allow for a second secluded living area, but is ideal for conversion into a 2 bedroom. There are previously approved plans at the Bland Shire Council to turn the building into a 4 bedroom dwelling. The kitchen is liveable but does need some work, with only a small hot water system. There is also a large walk in pantry/storeroom. There are two toilet rooms (male and female) with plenty of room to install a shower and combined laundry.
One of the property's unique features is of course the Bank Vault, fully concreted and currently used as a large storage room. There are heavy bars on all windows, making this one of the safest homes in Barmedman. The building is set on 765sqm, with a rural outlook from the back yard and features rear lane access.
Barmedman offers a unique mineral pool, Kindy-Year 6 schooling, renovated Truck Stop and cafe, Hotel, Mechanic and Post Office.
If you are into unique, quirky and don't mind a bit of renovating; this is for you. Vendors are keen and invite genuine offers over $40,000.
Based on sale price of $42,000; renovation expenses of $20,000; & rental return of $120 p.w.
