Address: 74 River Street, Mount Morgan
Land Size: 1.61 hectares (approx.)
Rental Return: $370/week
Lease Until: 11 March 2026
Nestled on a generous 1.61-hectare allotment, this well-positioned property offers a fantastic opportunity for investors or those looking to secure a future project. Currently tenanted and returning $370 per week with a lease in place until March 2026, it provides immediate income with strong potential for future value-adding.
Property Features:
• 2 bedrooms plus a sleepout – ideal for guests, office, or hobby room
• Central living room with natural light and airflow
• Combined kitchen and dining area – functional layout with renovation potential
• Single bathroom in need of updating, with separate W.C.
• Front veranda – a classic touch offering a relaxed entry space
• Steel stumps and brick base – solid and elevated construction
• Expansive block offering privacy, potential for subdivision (STCA), or lifestyle use
Positioned in the quiet township of Mount Morgan, this property blends rural lifestyle with practical investment appeal. Whether you’re looking to landbank, renovate, or simply enjoy the rental return, this is a rare chance to secure a large parcel of land at a realistic price point.
Recently the roof has been replaced bringing it up to current regulations.
Contact Barry today to arrange an inspection or for more details on this promising opportunity!
Please allow 48 hours to allow notification to tenants.
Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspections or otherwise.
