Centrally located weatherboard and iron roof residence on a large 1011.7 sq metre block which has frontage to Isabella Street and also easy rear lane access. Situated within an extremely short walk to Wingham’s main supermarket complex, shops, schools ands clubs this property is currently leased making it a desirable investment proposition for a switched on investor. The current layout of the property provides for three separate tenancies. The main home has been split into two individual sections and with the addition of a self contained flat in the rear yard this property currently returns $580 per week in rental income from the three tenancies.
All three sections have separate power metres and separate access points.
Section one has two main bedrooms plus two sleepouts, a large central lounge room and kitchen/dining. A large front verandah and high ceilings make for a comfortable residence.
Section two also has two bedrooms and a kitchen / lounge / dining area. A large covered rear verandah for more living space for this residence.
Section three offers a two bedroom flat with bathroom, lounge / dining and kitchen areas. A large two to three car carport and lockable work shed cap off the property.
While separated into separate sections the main home would be very easy to convert back to one residence if need be for an owner occupier. With a rental income of $30,160 per annum this property provides a whopping 10.8% gross return per year based on the asking price.