Presented by Liam Tebbutt and Robert Gooch of One Agency Elite Property Group
Introducing 'The Pines' - Set on over a quarter of an acre (1227m²) with R3 zoning, this home exudes the charm of 'old Nowra,' dating back to 1895. It features five lockable bedrooms, each with its own ensuite and distinct character.
Previously, a thriving bed and breakfast. Currently, a grand property that offers a fantastic rental yield, currently set up as temporary accommodation @ $57,200 p/a plus a 100% share of all outgoings.
While steeped in history, 'The Pines' has undergone significant renovations, including a new roof, split system air-conditioning throughout, modern lighting, CCTV security, and a 24-hour check-in system, making it a contemporary and lucrative investment.
Additionally, the property is approved for further accommodation development at the rear, with all necessary reports - surveyor, heritage, environmental conservation, and engineering - already completed. Nearby, a development of 28 boarding rooms has been built, highlighting the area's growth potential and paints a picture as to the overall potential of the property.
Whether you choose to continue operating the tenancy, reopen as a bed and breakfast, or expand into a larger venture, the possibilities are endless.
Enquire within to arrange your own private inspection!
Key features:
- 5 bedrooms all lockable with either A/C of ceiling fans
- 5 bathrooms
- Large 3 car shed
- R3 Zoned 1227 m2 block
- 2.3km to Shoalhaven Hospital
- 1km to the heart of Nowra CBD
- Currently leased @ $57,200 p/a
Features
- Air Conditioning
- Courtyard
- Shed
- Floorboards
