A very rare opportunity to acquire an exceptionally large site in a prime North Tamworth city location.
Very suitable as a private home on a very large land holding for someone who needs lots of space and privacy with the added advantage of passive rental income and land to develop.
Approximately 7500m2 of land with 2 well-maintained homes and outbuildings close to all amenities and within 2 km from central Tamworth.
The property consists of two adjacent blocks that have been in the same family for more than 80 years.
100 Piper Street has a one-bedroom furnished cottage of approximately 80m2 currently leased and returning $16120 per annum along with a large workshop/storage shed on title.
102 Piper Street has a 1954 vintage double brick 5 bedroom, 2 bathroom home of approximately 300m2 with an estimated rental potential of 30k per annum.
There is also a carport and a very large high roof 4 bay garage come storage shed on the property currently let for storage with potential for additional rental returns.
Live in one and receive a rental income while you plan your development.
Potential holding rental returns in the vicinity of 4-5% fully leased.
Prime North Tamworth Location:
Central Tamworth CBD 2km
North Tamworth Bowling Club - 350m
TAFE College - 600m
Tamara Private Hospital - 750m
Barton Medical Centre - 800 m
Oxley High School - 850m
Northgate Shopping Centre - 1.2km
East Tamworth Primary School - 1.2 km
Tamworth Base Hospital - 1.3 km
Aldi - 1.7 km
Bunnings and Taminda Business Park- 3km
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Features
Bath, Fireplace(s), Formal Lounge, Furnished, Garden, Garden Shed, Level Lawn, Rainwater Tank, Storage Area, Close to Parklands, Close to Schools, Close to Shops, Close to Transport, Quiet Location, Views, Air Conditioning, Gas Enabled, Internal Laundry, Dishwasher, Balcony, Workshop, Deck
