Don’t Look Past This One!
6 Bedrooms 4 Bathrooms 4 Laundries
Located in the heart of Katoomba is this former Four-unit dwelling, featuring two, two bedrooms and two one bedrooms, all, on the same title.
The property has been vacant for several years and has been left to disintegrate, and now need a complete overall “ or maybe knocked down and rebuilt, however if you have the no how or you are looking for that next project then we suggest that you come and have a look.
The owner is a realist and is looking for genuine offers, currently they are not able to renovate or rebuild so they have decided to pass it on to some one that can.
The property was last leased out roughly five years ago and at the time was bringing in approximately $3000 a month return and should easily achieve this amount again.
The surrounding properties have all been renovated and some are new, and we are estimating that you could build a similar dwelling here for $500k or so (however you should make your own enquires as we are not developer or builders). Then this would certainly make a great investment or add it to your super and retire cashed up.