Rare Investment Opportunity

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

Explore the area

School catchments

Chatham Public School Primary K-6 Government 0.23km
Chatham High School Secondary 7-12 Government 0.55km
St Clare's High School Secondary 7-12 Catholic 0.57km
Taree High School Secondary 7-12 Government 2.3km
Taree Public School Primary K-6 Government 2.5km
Manning Gardens Public School Primary P-6 Government 2.5km
St Joseph's Primary School Primary K-6 Catholic 2.6km
Cundletown Public School Primary K-6 Government 3.5km
Manning Valley Anglican College Combined K-12 Independent 3.7km
Taree West Public School Primary K-6 Government 3.9km
MidCoast Christian College Combined K-12 Independent 5.9km
Manning Adventist School Primary K-6 Independent 6.4km
Tinonee Public School Primary K-6 Government 7.6km
Wingham High School Secondary 7-12 Government 10.3km
Wingham Brush Public School Primary K-6 Government 10.7km
St Joseph's Primary School Primary K-6 Catholic 10.9km
Mitchells Island Public School Primary K-6 Government 12.2km
Old Bar Public School Primary K-6 Government 12.7km
Wingham Public School Primary K-6 Government 13.3km
Great Lakes College Senior Campus Secondary 11-12 Government 29.1km
Great Lakes College Tuncurry Campus Secondary 7-10 Government 29.2km
Great Lakes College Forster Campus Secondary 7-10 Government 35.4km
Camden Haven High School Secondary 7-12 Government 37.4km
Gloucester High School Secondary 7-12 Government 51.2km
Wauchope High School Secondary 7-12 Government 55.1km
St Joseph's Regional College Secondary 7-12 Catholic 59.3km
The Nature School Combined K-9 Independent 60.0km
St Columba Anglican School Combined K-12 Independent 61.2km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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