105 Rouse Street, TENTERFIELD NSW 2372
$280,000 (GST na)
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- 17 Nov 2016
DA Approved for Motel Units
This large home is well situated on a corner block a short walk to doctors and shops. With the Tenterfield Bypass 95% on the cards, this site would enjoy the benefits of a quieter street.
With up to 6 bedrooms or extra living space, the good position of the home makes it ideal for a home based business or even more.
The clever owner is onto this idea and has a DA approved for an 11 Unit Motel Accommodation & Managers Residence. Take advantage of this in your super fund perhaps?
The property is currently tenanted with a gross income of $11,960.00 pa (4.3% gross return) but there is scope to increase the rent return as it is under the market for such a large home.
Recently refreshed, there isn’t much to do but work out what you would do with this property.
• Combustion wood heater
• Gas Cooking
• Single garage to front plus more to the rear
• Covered entertaining area
• Two toilets
• Recently renovated
• Fully fenced
• Handy to town, school, doctors etc
• Corner position away from neighbours
• Multi use property, can be business or residential
Tenterfield is a cool climate, high altitude area approx 850 metres above sea level with four distinct and beautiful seasons. NSW offers more rebates for pensioners plus Tenterfield has bulk billing Doctors and Dentists available.
It is a small and very friendly town of approx 3,900 people and is only 2.5 hours to Casino and the NSW North Coast, 3.25 hours Brisbane and Gold Coast.
Call Carol Axworthy on 0411 229 011 7 Days 364 days a year to inspect or for more information.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
105 Rouse Street TENTERFIELD