178 Warren Road, Gilgandra, NSW 2827
- 11
- 10
Sold
Sold for $810,000 on Jul 10, 2023
Investment Opportunity - Projected Gross Yield Circa 12%
If you are looking at enhancing your investment portfolio, then look no further than 178 Warren Road, Gilgandra. Positioned in the regional town of Gilgandra NSW, this unique investment opportunity offers 9 separate tenancies on one title including 1 x 3 bedroom, 2 bathroom unit, 2 x 1 bedroom 1 bathroom units and 6 bedsit style units. Perfectly positioned nearby to the Gilgandra CBD and opposite parklands, this is an opportunity not to be missed. Features include:
* Projected gross return circa 12%.
* 9 units on one title.
* Complex consists of 2 separate buildings with each unit in good repair.
* Current gross income of $93,080.00pa.
* Common area laundry with coin-operated machines to generate extra income.
Thomas Haylock
Commercial Sales and Leasing
Joe Burgun
Director
Got a property to sell? Contact us for a free Request Appraisal
Property Info:
- Property ID: L22173009
- Property Type:Block of Units
- Land Area:1414 sqm
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We Know Your Area
R&H Suburb Profile: Gilgandra| R&H Suburb Summary | Houses |
|---|---|
| Number of sales | 63 |
| Average Price | $301,073 |
| Median Price | $270,000 |
| Median Rental Price | $300 p.w. |
| Change in Rental Rate (5yr) | 20 % |
Median Trend - $270,000
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