loader image
Featured Property

Investment property in ideal location to be offered at auction

Apr 2, 2025

A block of units with “Moree’s biggest backyard” just 50 metres away will be offered for sale at an on-site auction by North West Real Estate on Saturday, April 26.

The four-unit complex at 11 Dover Street is a one-minute amble to pristine Jellicoe Park – and walking distance to retail and dining outlets on busy Frome Street.

Selling agent Allan Gobbert said 11 Dover Street is ideally located in a quiet part of town, yet centrally located to all conveniences.

“Everything is in walking distance – from cafes, restaurants and fast-food outlets to fuel and service stations and retail stores. There’s even a laundromat right across the road,” Allan said.

“Moree Hospital is around the corner and a doctors’ surgery is one block away.”

The partly-tenanted complex – comprising one three-bedroom unit and three two-bedroom units – is also walking distance to Moree Artesian Aquatic Centre and Moree Railway Station.

“These units are in one of the best spots in Moree and are so convenient to everything – even Woolies is only a short stroll over the main bridge,” Allan said.

No.11 Dover Street offers an exceptional investment opportunity in a quiet, flood-free area of Moree.

“This property provides excellent potential for consistent rental income,” Allan said.

“Each unit is equipped with a secure garage with internal access, ensuring convenience and security for tenants.

“They are within walking distance to key amenities and this means the location is highly attractive to renters.”

The units sit on a generous, fully-fenced 1012 square-metre block, with driveway access to all units.

Unit 1 is spacious, with three bedrooms and open-plan living, making it ideal for a large family or group rental.

Units 3 and 4 are thoughtfully designed two-bedroom lay-outs – perfect for couples or smaller families – with modern, well-maintained interiors and contemporary finishes.

“Unit 2 needs a little bit of work and some renovations, and is not currently tenanted,” Allan said.

The three-bedroom unit is currently rented for $300 per week and the two-bedroom units are each rented for $220 per week.

“Once unit 2 is ready for tenants, combined rental income for all units is potentially $1000 per week,” Allan said.

Council rates for 11 Dover Street Moree are $4810.26 per year.

“This is an incredible opportunity for investors to expand their portfolio with a high-demand property in one of Moree’s most convenient locations,” Allan said.

North West Real Estate’s Property of the Week

Property: 11 Dover Street (four rental units)

Price: On-site auction at 10am, Saturday, April 26, 2025

Land Size: 1012 square metres

Selling agent: Allan Gobbert

Arrange an inspection: 0428 523375 or [email protected]

Check out all North West Real Estate’s property listings here:

https://www.northwestrealestateandlivestock.com.au/

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *