Block of Units

93-95 Bourke Glen Innes, NSW 2370

Sold on 19 Jan 2017
  • 6 Beds
  • 3 Baths
  • 2 Cars

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Block of Units in Glen Innes

Three Units Plus Adjoining Duplex-Suitable Land

  • 6 Beds
  • 3 Baths
  • 2 Cars

Positioned beautifully just 2 1/2 blocks to the main street of Glen Innes; 93 and 95 Bourke Street secures your FINANCIAL FUTURE and is priced to sell. This solid brick and tile property in very good condition offers three separate units each with their own individual access and enjoys regular high occupancy rates.Constructed as a home and income situation - it is now operated as two individual one-bedroom units on the ground floor and a four-bedroom plus office home unit on the upper floor with all new floor coverings, freshly painted and new kitchen. The one-bedroom units earn $150.00 per week and the home unit earns $190.00 per week which, at a sale price of $375,000 provides a 6.795% gross return which easily could increase. The sale also includes a vacant 766.4m2 adjoining block of land that has had an identification survey prepared for it as well. Architectural plans have also been approved in principle by Council for the construction of an additional two villa Town House development on the vacant land. After substantial improvements and refurbishment works on the property, the vendor now wishes to release this appealing investment to a lucky new owner. Upon inspection you will appreciate that this is a very sound investment opportunity. Contact Brian Orvad of Ray White Glen Innes on 0428 659 303 to arrange an inspection.


2 garage spaces






Glen Innes

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