PRD Lismore

72 Molesworth Street, Lismore, NSW 2480

02 6624 7700

PRD Kyogle

81 Summerland Way Kyogle, NSW, 2474

02 6632 3380

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Great Investment with Two Tenancies

Great Investment with Two Tenancies

Property ID: 1082911

CASINO 142 Centre Street

Listing Rooms4
Listing Bathrooms2
Listing Parking4

For Sale $370,000

Property Size: 752 sqm Land Size: 752.50 sqm

This large 4 bedroom home located just a short, easy stroll to the CBD is currently arranged into two separate flats, with two long-term tenancies in place. The property has dual street frontage on the corner of Centre and Farley Streets, with a good-sized fenced yard.

Unit 1 on the east side of the property has entry via a covered deck area, with 3 large bedrooms, central kitchen, long living/dining area, renovated bathroom, and sleepout/study to the rear, which leads to the double carport. This unit has an additional external storage room and laundry, as well as reverse cycle air conditioning, roller blinds, ceiling fans, and good carpet and paint throughout. Tenants have been in place since 2017, currently paying $265 per week.

Unit 2 on the west side of the house has a single large bedroom, open-plan living/kitchen, internal laundry, updated bathroom with tub, and double carport. This unit has also been updated with recent paint and floor coverings, and has reverse cycle air conditioning. Tenant in place since 2018, currently paying $180 per week.

Both units have independent power meters and sub-water meters connected. All tenants have shared access to the large yard, which could potentially be used to built an additional granny flat subject to council approval. Both tenants are on continual leases, providing the potential for owner-occupier to take possession of one of the units, or convert the house back to a single family dwelling. The property is well-positioned within a flat & easy walk to the Casino CBD, local schools and all town services.

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Suburb Profile

Median House Price

347500

Suburb Growth

16%
Peak Sale Month - March
Peak Sales - 24