5 Units - Investors take notice
This is an opportunity that rarely occurs in East Tamworth, you can purchase this classic block of units and be the master of your own destiny. The block consists of five (5) units, 2 x 3 bedrooms & 2 x 2 bedrooms and 1 x 1 bedroom unit in a very sought-after, superb location within walking distance to the CBD of Tamworth.
This property was constructed in approximately 1960 in a unique art-deco style, with the original owner using the complete ground floor as their residence. Features in the main structure include double brick, polished boards, French doors, wide hallways and 10 foot ceilings, all round a solid and decadent main dwelling which is now incorporated into a 3 bedroom unit, with another 3 bedroom unit upstairs and an adjoining 1 bedroom flat.
To the rear another 2 x 2-bedroom 2 storey townhouses have been constructed at a later date. Full occupancy is a bonus and being on one title there could be opportunity available to strata the title and sell individually, or capture these now as a productive Superannuation Fund asset!
Currently all the units are leased returning $89,960 p/a, offering 6.07% gross rental yield on the asking price.
Elevated location with several potential opportunities presenting here.
Call for more details today.
