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River Street Property on the Rise!

By Tammy Laval

Listing agent Angela Pietzner, of Ray White Mackay City, was interviewed recently by the local newspaper on her 3 Nelson Street property, advertised as a rare dual income property with fantastic investment opportunity.

Located just a stroll away from Caneland Shopping Centre, CBD, and the river boardwalk trail at your doorstep, the home ideal as a live in or investment property.

The property could be utilised for a home run business. You can live on one level and rent out the unit down below. Both up and down maintaining a separate power meter box.

The possibilities endless and a great investment for future development. The home featured:

  • Upper level has 3 bedrooms, open plan living, laundry-shute, rumpus room and bathroom and toilet.
  • Lower level has 2 bedrooms, open plan living, bathroom and toilet and is currently tenanted. Both levels have their own laundry and lock up garage.

Built by an Italian couple for their retirement home, the home construction is block with brick exterior and concrete upper floor as well as the lower floor, extremely solidly built.  A shame to knock over in Ms Pietzner’s point-of-view.

Water views almost seen from the top balcony, it’s got fantastic potential whether for an investor or to live in, with some investment for modernisation required.

Ms Pietzner’s outlook is that whoever buys it is looking for the location and towards future aspirations.

OUTCOME:

The property sold for $480,000 after passing in at Auction, and a few day’s after the article went to print.

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