28 Warners Bay Road, Warners Bay, NSW 2282

The three important questions to ask when buying property are all answered at this one address and available for you to secure immediately. On the market to sell, this property is diverse and offers further opportunity for a new owner. Currently divided into 2 income streams, both on current leases with built-in increases. The modest house of 2 bedrooms offers a blank canvas for someone looking to maximise the returns by way of a mini-makeover or alternatively move in and receive a return from the garages. Current 12 month lease commenced 9/2/09 at $250 pw with a scheduled increase to $260pw on 10/8/09 for the remaining 6 months of the lease. The approximately 3 year old triple garage at the rear of the property is leased on a new 12 month lease commencing 16/7/09 for $50pw, with a CPI increase should the option for a further 12 months be taken up. Currently a combined income of $300p.w providing solid returns within short walking distance to schools, shops and Warners Bay foreshore and walking track. An opportunity not to be missed.