Presented by Liam Tebbutt and Robert Gooch of One Agency Elite Property Group
Introducing 'The Pines' - Set on over a quarter of an acre (1227m) 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. The current tenancy has been in place for 3 years and is locked in until 2026, with great potential to extend if you wish.
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 has potential further accommodation development at the rear, with all necessary reports already completed.
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!
Additional photos available upon request
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
