4-6 River Street, Casino
Investment Bonanza!
Description
Wow! What an amazing opportunity this is. Two well-kept properties with two separate titles being sold as one in one of Casino's prime locations. Each property is on approx 1100m2 of flat flood-free land and opposite the lovely riverside park.
The former spacious homes (circa 1900 for No 4, and 1940 for No 6) have been reconfigured as 2 x units each, and they all have fully renovated bathrooms and kitchens. Three of the (4 in total) separately metered units are 3 x bedroom 1 x bathroom 2 x car offerings, and the fourth is a 3 x bedroom 2 x bathroom 2 x car dwelling. Along with a fabulous refurbishment the current owner has installed a huge solar system on each block, air conditioning and NBN to make tenancy a desirable proposition. As well as plenty of 'backyard' space, there are 2 large sheds (approx 7.5m x 5m & 10m x5m) at the rear.
At present they command an excellent return with potential to increase and they enjoy full tenancy. But the real potential lies in the ability to build a further 4 units on the oversized blocks. The 'homework' has been done for you, and it is possible STCA to build 2 x 225m2 units on EACH block with parking below the new build. There's even allocation for guest parking.
With today's rental market in high demand, this opportunity is a winner from the day you purchase with room to grow and expand on your return. As they say, it's a 'no brainer'.
Call John Wilcox today for your private inspection on 0428 200 288
Property Location
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