Locals have eyed off this property for years with the dream of securing such solid returns and a piece of land that just get more and more valuable as the years tick by.
- A perfectly located 2,213sqm block only 300m to the shopping/services precinct of West Kempsey.
- Flood-free positioning.
- River views at the rear.
- Level street access from the front.
- 6x 2 bedroom DOUBLE BRICK units in great condition.
- Separate water meters, separate power meters.
- Low maintenance costs.
- Solid rental history.
- Returning approximately $75,000 per annum gross.
- Approximately $20,000 annual costs (including property management fees).
- Net return of approximately $55,000 at full price being approximately 6.1%.
- Note: one of the units at the back, with river views, is larger and was originally designed for owners retirement home where one could collect rent from the 5 other units and still live an easy stroll to doctors, library, shops and town services.
"This is an opportunity rarely seen!"
Ready, set, dial. Call any day, anytime.
