202 Riverside Drive

Narrabri NSW 2390

Positioned within the highly sought-after Riverbend Estate, this substantial modern home presents an attractive opportunity for investors seeking a quality residential holding with an established income stream.Currently leased to a business for $700 per week, the property generates approximately $36,400 per annum in gross rental income.With a spacious four-bedroom, four-ensuite configuration, multiple living areas and an impressive 1.5-acre allotment, the property offers an appealing combination of immediate rental income and long-term residential potential.Property Features: Currently leased to a business for $700 per week Approximate gross rental yield of 4.4% based on the current asking price Approximate gross rental income of $36,400 per annum Welcoming low-set brick veneer home complete with a Colorbond roof and wrap-around concrete pathway Light-filled open-plan kitchen, living and dining area featuring tiled flooring, downlights, split-system air conditioning and evaporative cooling throughout Seamless indoor-outdoor flow with sliding doors opening to the backyard and French doors leading to the covered outdoor patio Modern kitchen with large island bench, soft-close drawers, microwave hub, double dishwasher, double sink, pantry, electric cooktop, rangehood and oven Separate carpeted lounge/media room providing a comfortable second living area Four generous carpeted bedrooms, each with its own ensuite and built-in wardrobe Each ensuite includes a floating vanity, shower and toilet, offering excellent privacy and functionality Two linen cupboards positioned within the tiled hallway provide additional storage Spacious tiled laundry with separate toilet, external patio access and direct internal access to the lock-up garage Double lock-up garage with remote entry, internal access and additional concrete parking 5.0kW solar power system Two rainwater tanks with pumps, plus an E1 grinder pump for septic Established shrubs and trees with dripper irrigation, boundary fencing and clothesline, all positioned across approximately 1.5 acresWith an established business tenancy, $700 per week rental income and an approximate 4.4% gross rental yield, this property offers investors the opportunity to secure a substantial modern home with income already in place.Its versatile layout, generous landholding and sought-after Riverbend Estate location also provide broad appeal for the property's long-term future.Contact Eden Rozendaal today for further information or to arrange a private inspection.