Investment Property with good cash flow with flexible current uses and future commercial and or residential redevelopment possibilities don’t come up very often in this price range.
It doesn’t have to be this way.
The Investment Property
This Hunter Valley listing has a total land area is over 5400m2 level land.
First of all the property offered consists of 5 separate lots with 2 street frontages. 130 & 128 on Mayne St (New England) Highway) the other three blocks are on (61-65) Mount St.
Central town location opposite a school, visitor information centre and swimming complex. The Murrurundi railway station is less than a 15 minutes walk.
This real estate investment currently enjoys several income streams.
130 Mayne St consists of a fully leased investment consisting of 4 separate accommodation units of 3 x 3 bedroom and one studio unit returning a gross income of $41,600 per year (approx).
Numbers 128 Mayne St and 61-65 Mount St are vacant cleared level building blocks.
With a B4 zoning, the property allows various residential and commercial uses (STCA). Redevelopment possibilities include boarding houses, service stations, commercial premises, function centres, childcare centres, tourism and recreation facilities, retail, seniors housing, educational and entertainment facilities.
The recently announced commencement of the New England Highway bypass is predicted to be an economic boost for the area
In addition, the property did have development approval for a commercial/retail shopping centre around ten years ago. This DA has since lapsed.
This investment real estate is situated in idyllic Australian country surroundings in the NSW Upper Hunter Valley.
The property is around 35 mins North of Scone, one hour south of Tamworth, one hour north of Muswellbrook, around 2 1/2 hours north west of Newcastle and less than 4 hours from the Sydney CBD.
There is a daily rail service to and from Murrurundi – Sydney (Central Station) which takes less than 4 and a half hours.
Imagine the investment income possibilities. Live in one of the units and enjoy the investment return from the other three units.
You may also consider developing the rest of the blocks while still getting a good cash flow from the four investment units at number 130 Mayne St.
Redeveloping the whole five property blocks into one complete commercial or residential accommodation redevelopment project could also be an option.
The choice is yours.
In conclusion, flexible zonings in addition to a good income don’t come very often in this sales price range. Owners are genuine and have priced to meet the market.
The choice is yours.
The Hunter Valley is a growing Australian regional area with a population approaching 700,000 people. Do you want to be part of this population and future capital growth?
For information memorandum or details on this investment listing contact;
Con Tastzidis at CST Properties on email email@example.com
or +612 9882 2221.