1, 2, 3/64 Chatham Avenue Taree, NSW 2430

Calling all investors! Offering a 7% return this is your opportunity to secure something extremely rare in the growing Manning Valley. This 1,500m2 approx lot of land has been creatively developed to provide 3 income streams from 3 titled dwellings, currently returning an attractive $125,000 pa.
At the street front is a modern architecturally designed 2 storey building, less than 10 years old.
The ground floor is a state-of-the-art medical facility, with a long-term physiotherapy practice bringing a return of $71,496 (including gst + outgoings of approximately $7000).
Upstairs is a stunning spacious 4 bedroom, 2 bathroom apartment, filled with natural light and 2 private balconies with a rental return of $26,000 pa.
At the rear of the property is the original homestead, a lovely quaint private 3 bedroom 1 bathroom house, tastefully renovated inside and out, returning $20,800 pa.
All this on the main road into Taree, less than a 5 minute drive to the CBD. Is also close to other medical practice and pharmacy plus shops, schools, sporting fields and the beautiful Manning River.
The hard work has all been done. Sit back and enjoy the benefits of an outstanding investment.

FEATURES:

• Zoned R1
• Flood free
• A generous depreciation schedule is available upon request.
• 1,500m2 Lot of land
• 3 titles will all be sold together
• All 3 properties are separately metered and have NBN fibre to the node
• Medical Practice: Rental return of $5958 per month including gst ($71,496 per annum, including gst, plus outgoings of approx. $7000 pa)
• Apartment: Rental return of $500 per week
• House: Rental return of $400 per week
• All 3 dwellings have excellent tenants and long leases
• Positioned conveniently on the main road with plenty of parking
• Within walking distance to shops, schools, recreation grounds and scenic river walks