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Property ID: 17879321 | Status: current
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$650,000

58 Ridge Street NAMBUCCA HEADS NSW

TWO FOR THE MONEY

Combining two income streams consisting rental from a two bedroom residential unit and a popular local restaurant, this property will meet the needs of any number of investors. Both situations are in long-term lease and provide a gross return of $35,000 annually to the current owner. Additional vacant land at the rear may be suitable for further development or parking on this R3 Medium Density zoned property, close to beaches, and on the sought after east side of town. The restaurant is one of the busiest eateries in Nambucca Heads, and always popular with locals and visitors since opening almost five years ago. The residential unit on the lower level is roomy and comfortable with a covered outdoor area, with two bedrooms both with built-ins and ceiling fans, a large bright bathroom and fully fenced yard. Call Tracey Brown for more information.

Agent Details

Tracey Brown
(02) 6598 6000
0417 241 622