These well-maintained apartments have been fully renovated, improvements including new kitchens, fittings, bathrooms, paint and polished floors. They are situated in a quiet location a few blocks from the town centre of Tenterfield, surrounded by gardens and views.

This property has been DA approved and works are completed for strata titling, with improvements having been completed and ticked off. This is an easy mini project, past paperwork provided, immediately convert into strata title with nothing much to do.

Residential lending then may come in to play and you have the versatility of leasing or selling each unit or perhaps offering vendor finance/permanent lease opportunities to some of our elderly residents who are struggling to find a place to go after selling the family home.

The VG rate is incredibly low. The net return has been reliable with close to 100% occupancy rate for years. The yield is increasing and is set to achieve 10% gross and 5.6% net in the next few months.

Features include:

• Approved survey plan for each apartment
• New electrical sub boards with safety switches
• Fire walls in roof spaces
• Under house separate accesses
• Individual man holes
• Individual water meters
• Cheap garden maintenance
• 500 metres to CBD
• Excellent management team
• Tight rental market
• Own Carport at each front entry
• Spacious open plan living area
• Large bedroom and ensuite bathroom
• Lovely rural views
• Opportunity to own/operate Body Corporate

Total land size 809m2
Council Rates $9337
Water Rates $850

See 3D view in link below:

google.com.au/maps/place/160+Bulwer+St,+Tenterfield+NSW+2372/@-29.0511459,152.0231946,3a,75y,155.78h,83.51t/data=!3m6!1e1!3m4!1sFxYSSkCrOxTTlh-KNXT-mw!2e0!7i13312!8i6656!4m5!3m4!1s0x6b984d815ecaf5b1:0xdc92076a564626d9!8m2!3d-29.0512796!4d152.0235037

For more information, please call Carol Axworthy Seven Days on 0411 229 011.

Some information provided by the owner.