Features

4 x 2 bedroom units
Long term tenants
No undercover parking

Invest with Diversity and Potential

Return and opportunity are seldom found in the one property, but the iconic "Pink Palace" provides scope for both.
After 32 years the current owner is looking to liquidate her assets and this block of 4 x 2 bedroom units situated on over a 1000sqm lot boasts a potential gross return over $45,000/ annum.
There is definitely scope for renovation and future improvements can only add to the capacity for return and value of the property.
The ever increasing demand for lost cost rental accommodation in close proximity to services under pins the long term value of the investment, and the potential for redevelopment cannot be under estimated.
25 Railway Parade makes a great addition too or perfect place to start your investment portfolio.

Explore the area

School catchments

St Clare's High School Secondary 7-12 Catholic 0.83km
Chatham Public School Primary K-6 Government 0.86km
Chatham High School Secondary 7-12 Government 1.0km
Taree High School Secondary 7-12 Government 1.2km
Taree Public School Primary K-6 Government 1.4km
Manning Gardens Public School Primary P-6 Government 1.7km
St Joseph's Primary School Primary K-6 Catholic 2.5km
Taree West Public School Primary K-6 Government 2.8km
Cundletown Public School Primary K-6 Government 4.6km
Manning Valley Anglican College Combined K-12 Independent 4.7km
MidCoast Christian College Combined K-12 Independent 5.0km
Manning Adventist School Primary K-6 Independent 5.5km
Tinonee Public School Primary K-6 Government 6.6km
Wingham High School Secondary 7-12 Government 9.5km
Wingham Brush Public School Primary K-6 Government 9.8km
St Joseph's Primary School Primary K-6 Catholic 10.0km
Wingham Public School Primary K-6 Government 12.5km
Mitchells Island Public School Primary K-6 Government 13.3km
Old Bar Public School Primary K-6 Government 13.3km
Great Lakes College Senior Campus Secondary 11-12 Government 28.9km
Great Lakes College Tuncurry Campus Secondary 7-10 Government 28.9km
Great Lakes College Forster Campus Secondary 7-10 Government 35.2km
Camden Haven High School Secondary 7-12 Government 38.4km
Gloucester High School Secondary 7-12 Government 50.1km
Wauchope High School Secondary 7-12 Government 55.8km
St Joseph's Regional College Secondary 7-12 Catholic 60.2km
The Nature School Combined K-9 Independent 60.9km
Bulahdelah Central School Combined K-12 Government 61.9km

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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