Description

Right in the heart of the iconic Nimbin Village, a stones' throw to the Nimbin Hospital and the boutique shopping and cafes of the village, this is truly a great location in a township so keenly sought after yet with so few urban blocks available.

On a massive flat 1042m2 block this property has two dwellings; a 2 bedroom 1 bathroom home, and a 1 bedroom, 1 bathroom studio. Both have been refurbished simply but beautifully in 'Scandinavian style' with crisp white walls, black framed windows and louvres, modern lighting, delightful ash timber floors, and with stainless steel kitchens and fittings.

All bedrooms have mirrored built-ins, and utility rooms have cleverly been planned around outdoor spaces. Both buildings are air conditioned. The grounds are neatly gardened with some mid-sized specimen trees, rock walling at the rear, and the land is North-facing. There are essentially four options for this property:

Option 1: Enjoy the whole property as one home on a big village holding. These lovely dual dwellings could become two pavilions of the one home by way of a covered walkway between the two. As-is, the dwellings are compact yet spacious with nothing to do but move in and enjoy a peaceful village lifestyle. The vendor was considering adding the walkway plus extending both buildings at one time ( a large living area on the 2 bedroom dwelling and a small living area on the studio); and photos are available of the proposal which would create an architectural building of note.

Option 2: Both dwellings are currently tenanted. They show a wonderful return with fabulous tenants, and this could be continued.

Option 3: The fabulous 'point of difference' in this property to most village homes is the fact that there is an existing approved subdivision ready for the investor to register and divide it into two properties. Each could become separate properties, still on large land blocks, for future re-sale.

Option 4: Once subdivided, under the current Lismore City Council legislation each of these properties then would support 2 homes STCA for the astute investor. As both dwellings are built toward the rear of the property with no buildings behind, there is ample space for this option. With a huge rental demand in the village and its proximity to amenities, this option would be a winner!

Call Samara Burcher on 0429 806 288 or Jacqui Smith on 0439 15 6666 for more information or a private inspection.

N.B. Agent declares interest in this property