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Overview
This property offers a rare opportunity to secure an entire block of four residential units located at 112A Wynter Street, Taree. Situated in close proximity to the hospital and just minutes' walk from the central business district, this complex is ideally positioned for convenience and accessibility.
The block comprises four units in total, including one two-bedroom unit and three one-bedroom units. Each unit is currently leased to quality tenants, providing a steady gross income of approximately $44,160 per annum. This makes the property an attractive investment for those seeking a reliable rental return.
Residents and tenants benefit from the property's location, which is just a short walk to the Manning River, offering recreational opportunities and scenic views. The proximity to essential services such as the hospital and the CBD enhances the appeal of this complex.
Additional features include council rates estimated at $4,692 per annum and water rates around $1,740 per annum. These costs are reasonable considering the income potential and the property's location.
Securing an entire unit complex in this area is a rare opportunity, making this an excellent prospect for investors looking to expand their portfolio with a well-located, income-producing asset. Interested parties are encouraged to request the full Information Memorandum for detailed financial and tenancy information.
This investment offers a combination of location, tenant quality, and income stability, making it a compelling choice for discerning investors.
Local Market Insights
In Taree, Quiet Listings observed 2 new units entering the market over the last 30 days, with an average advertised asking price of $407,500. The property type mix of listed properties is predominantly Houses at 84%, followed by land (11%), and units (4%). LJ Hooker was the most active agency in this area, representing 61.1% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| Price Guide: $790,00-$830,000 | |
| $850,000 | |
| $800,000 | |
| $880,000 |
Location
Taree NSW 2430
Market Insights for Taree NSW 2430
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