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Looking for a cash flow positive investment opportunity?

$550,000

12 Phillip Street, Parkes, New South Wales

Looking for a cash flow positive investment opportunity?

TO ENQUIRE ON THIS PROPERTY, PLEASE CLICK ON THE 'CONTACT AGENT' BUTTON ABOVE

Only 3 minutes walk to Parkes CBD in an excellent part of town, look no further than these four wonderful blocks of land with three houses to be sold as one proposition.

Consisting of one sturdy brick residence and two charming clad residences, all three houses are currently tenanted with excellent long term tenants in place returning $555 per week.

This is a great opportunity for the astute investor. Don’t wait to earning on your investment. With this site, you can earn rent now and develop later.

Totalling 2585 square meters, this site is ideally suited for a 10-12 townhouse complex with all blocks flat and easy to build on, two street frontages, plus a rear bitumen sealed lane for alternate access.

Residences

Lot 13 – Full brick residence, tiled roof, plaster ceiling, wooden floor. 3 Bedrooms, sleepout, lounge/dining, and kitchen. Currently tenanted
Lot 14 – Vacant block
Lot 15 – Timber frame weatherboard/fibro clad, iron roof, wooden floor. Timber lined ceilings having 3 bedrooms, large lounge, kitchen, and dining. Currently tenanted
Lot 2 – Timber frame aluminum cladding, iron roof, timber ceiling, gyprock lining, wooden floor. 3 bedroom and lounge room. Kitchen/dining, bathroom with front cement verandah. Detached laundry and carport. Currently tenanted
Parkes is a wonderful example of a town maximising its location benefits to create a niche and sustainable competitive advantage in industry. Parkes has mining, agriculture, retail and tourism but does not overly rely on any of these industries. The town has recently established a National Logistics Hub, supported by major transport players such as Linfox, taking advantage of poor inland infrastructure – it can service 82% of Australia’s population with 12 hours.

Contact the owner today to arrange an inspection.

TO ENQUIRE ON THIS PROPERTY, PLEASE CLICK ON THE 'CONTACT AGENT' BUTTON ABOVE

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers or tenants should make their own enquiries to verify the information contained herein.

Features

General Features

  • Bedroom: 9
  • Bathrooms: 3
  • Land Size: 2585 m2 (approx)

House Links / Tools

Last updated: 30th October 2017

Summary

Property Type
House
Contract Type
For Sale
Location
 Parkes
State
 New South Wales
Price
$550,000
Bedrooms
9
Bathrooms
3
Carspaces
0
Land Size
2585 m2 (approx)

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Agency

For Sale or Rent by Owner

Contact

For Sale Or Rent By Owner

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