Smart Investment in North Tamworth

3 Griffin Avenue, North Tamworth NSW 2340

 | Sold
Beds: 2 Baths: 2 Car Park: 3
This property is currently not available.

A prime investment opportunity exists in North Tamworth that will provide instant cashflow with a development upside.

An excellent location and development potential on 739m2 combine here to make this one not to miss.

The current offering includes:
– 2 x One bedroom apartments… both recently renovated providing instant returns.
– Unit 1 – currently leased for $270 per week to “A grade” tenant
– Unit 2 – full renovation just completed… ready for rental or short term stays.
– Both with gas hot water, split system a/c and built in wardrobes
– Sheds and car accommodation to the rear of the property
– Full rental potential circa $600 per week.
– Torrens Title – not strata.

To be included with the sale are plans to extend and develop the site as follows:
– Construct new 3 bedroom townhouse on spare land to the rear of the block
– Extend unit 2 by adding a bedroom and 2 car garage.

Council rates are $2650 p.a.

Situated just minutes from Tafe, Tamworth Base Hospital & Northgate Shopping Centre, ideal location to ensure the property sees market-beating occupancy rates.

Offers prior to auction will be seriously considered.

Online Auction –

Auction : Thursday 24th August 1PM Sharp (Live Online Auction)