Situated on the edge of town, just minutes from Kempsey CBD, a hop, skip and a jump from the industrial area, and 15min to Crescent Head sits an opportunity not to be missed. This property offers its next owner an existing income with potential for growth.
Sitting on 5.5Ha (13.5Ac), are 2 established homes and multiple sheds. In its heyday the property was used as a timber mill, and with approx. 1800sqm of undercover area and multiple sheds on the property, with easy access available it is ideal for parking up your truck or storing bulk supplies.
The larger of the homes is fully fenced and offers 3 bedrooms, 1 bath (2 toilets) with attached double carport and has a long term tenant currently paying $285/wk, however could achieve $330/wk in todays market. The smaller cottage is currently receiving $90/wk, but could achieve $150/wk in todays market.
With only a small portion of land currently being used, there is potential for development, shedding or storage facilities, of course subject to council approval. An opportunity not to be missed, 3 East St is going to Auction on 11 Feb 2022.
