2 Smith Street

Dubbo NSW 2830

2020 m²

House

Last sold for $2,700,000

Kristy Barber, last sold this property on 23 September 2025 after 95 days on market.

Overview

Rare 10-Unit Complex on One Title - First Time Offered Since 1973

Positioned in the tightly held heart of Central/South Dubbo and just a short 10-minute walk to the CBD, this substantial two-storey complex presents a rare and exciting opportunity for the astute investor or visionary developer. Offered for the first time since its construction in 1973, the property comprises ten well-maintained, fully self-contained units on a generous 2020 sqm parcel of land. Currently returning approx. $158,080 per annum, the property generates consistent rental income and holds exceptional potential for future redevelopment (STCA), especially given its proximity to surrounding motel and short-term accommodation precincts. Key Features: - One Title - Ten Fully Tenanted Units - 8 x 2-bedroom units - 2 x 1-bedroom units - Upstairs Units Feature Private Balconies - Fully Self-Contained - Each unit includes its own internal laundry and bathroom - Well-Maintained in Original Condition - Demonstrates pride of ownership and consistent upkeep - Off-Street Parking Spaces - Large Landholding - Approx. 2020 sqm block with ample frontage - Development Potential (STCA) - Zoned and situated amongst multiple commercial accommodation venues / hotels Current Rent: $158,080 per annum Council Rates: Approx. $14,022.82 per annum First Time to Market Held in the same ownership since construction This property offers a "set and forget" investment with strong rental yield, plus the strategic advantage of future development options. Properties of this scale, income and positioning are extremely rare in Dubbo. Contact us today to register your interest or arrange a private inspection. Disclaimer: All information contained herein is gathered from third-party sources we deem to be reliable. However, we cannot guarantee its accuracy, and interested persons should rely on their own independent enquiries and not on the information contained herein. Figures and details are subject to change without further notice.