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.
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
