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  • 178 Warren Road, GILGANDRA, NSW 2827

178 Warren Road, Gilgandra, NSW 2827

  • 11 Bed
  • 10 Bath

Sold

Sold for $810,000 on Jul 10, 2023

Investment Opportunity - Projected Gross Yield Circa 12%

If you are looking at enhancing your investment portfolio, then look no further than 178 Warren Road, Gilgandra. Positioned in the regional town of Gilgandra NSW, this unique investment opportunity offers 9 separate tenancies on one title including 1 x 3 bedroom, 2 bathroom unit, 2 x 1 bedroom 1 bathroom units and 6 bedsit style units. Perfectly positioned nearby to the Gilgandra CBD and opposite parklands, this is an opportunity not to be missed. Features include:

* Projected gross return circa 12%.

* 9 units on one title.

* Complex consists of 2 separate buildings with each unit in good repair.

* Current gross income of $93,080.00pa.

* Common area laundry with coin-operated machines to generate extra income.

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avatar Thomas Haylock
Thomas Haylock
Commercial Sales and Leasing
avatar Joe Burgun
Joe Burgun
Director

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Property Info:
  • Property ID: L22173009
  • Property Type:Block of Units
  • Land Area:1414 sqm
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Provided By
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R&H Suburb Profile: Gilgandra
R&H Suburb SummaryHouses
Number of sales67
Average Price$308,115
Median Price$270,000
Median Rental Price$350 p.w.
Change in Rental Rate (5yr)37 %
Median Trend - $270,000
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