There is no denying the versatility of this property package spread over three titles with three street frontage. Currently returning $440pw, an instant return can be secured. With a little maths this one is showing a higher return on investment than many highly sought and secured purchasers in the Valley.

34 River Street, Ulmarra is a well presented home with classic appeal consisting of three bedrooms, two bathrooms, a spacious kitchen, formal dining and an alfresco area with car accommodation. The home is currently leased to a long term tenant who keeps the home immaculate and is paying $240 per week. An up to date rental appraisal has confirmed the property does have potential to reach $300pw in the current rental market. This allotment is approx. 865m2.

2-4 King Street, Ulmarra which adjoins 34 River Street (from the rear) has historically been used for commercial/industrial pursuits and is spread over two titles. Lot 2 of approx. 759m2 shares a large industrial shed with 34 River Street and is currently leased alongside Lot 4 for $200pw by a long term tenant leasing for business/industrial pursuits. Lot 4 alongside Lot 2 is of approx. 839m2.

Conversations from council have confirmed that R2 low density residential zoning is current. It has been suggestive that with the King Street properties having a long term commercial history continuing use rights may be lawfully permitted. I would imagine residential and commercial opportunities are attached to these properties (STCA).

In its entirety the three titles offer a combined 2463m2 (approx.). Annual rates for 34 River Street are approx. $1100pa and Lots 2-4 King Street approx. $1200pa. Together the annual rates still being less than the average title of Grafton.

For more information call Kylie Pearson on 0488 161 621 or Sam Danvers 0432 623 244 direct or find us at the Elders office on 6642 1122.