Elders Real Estate Taree are excited to present this rare multi-tenanted investment opportunity offering mixed usage with approx. 130m2 of high exposure commercial space PLUS a four-bedroom residence above.

The property is packed with potential when looking at both the commercial and residential space on offer. Separate electrical meters and a 10kw solar electricity system both compliment this attractive well established dual-income investment.

The downstairs commercial space includes:
andbull; Approximately 130m2 of commercial space with 11m of high exposure main road frontage
andbull; Large internal office with toilet facilities and storage for stock nearby
andbull; Air-conditioning and ceiling fans throughout
andbull; Vacant possession available or long-term tenant Chatham Newspower’ willing to
negotiate a lease at an attractive rate

Whilst the residential premises above is in need of some TLC it also presents unrivalled opportunity for maximising your returns:
andbull; Currently rented as a four-bedroom residence to long-term tenants at $270 per week
with vacant possession available
andbull; Easily converted back to it’s original form of 2 x two-bedroom apartments with 2
bathrooms still in place and a massive increase in returns through a third income
andbull; Handy location within walking distance to the CBD and the proposed Figtrees on the
Manning’ precinct will undoubtedly provided excellent future capital growth
opportunity
andbull; Double carport at rear

Investment opportunities with returns of 7% or more are seldom found in our current market and with the potential for far greater returns on offer here this property should make it to the top of your inspection list. Call Sam Halloran for more information today!