63 Goulds Road, Elland NSW 2460

This 40 HA (100 acre) holding is located on the southern edge of town barely a 10 min drive from the CBD. There are 2 houses located separately both leased to long term tenants. Current rent is $420 per week for the front house built in 1997 and $470 per week for the back house built in 1976. Both houses are in original condition and are due for renovation works in the next 5 years, although the older home is in better condition. The land is comprised of one lot in an L-Shape and has an extensive frontage to Goulds Road and Armidale Road. It has been used over the years for livestock and feed cropping. Mains water and power are connected to both houses. Front house tenancy is super long term - in fact the tenants moved in when the house was new and have been there since 1997, on an expired agreement. The rear house has a tenant in place since 2021 with a lease expiring in November 2026. This is an excellent opportunity for buyers looking for two houses or two incomes from a productive acreage right near town.