56 Kangaloon Road, Bowral, NSW 2576


56 kangaloon road, bowral, NSW 2576

Capitalise on a flourishing wedding market – massive potential returns up to 10.00%*

Tie your investment ribbon around the feature old oak tree that welcomes visitors to the leafy front yard of this huge five-bedroom home, very close to the centre of Bowral township. The approach to this property is via a sealed driveway sweeping past the well-established native and exotic trees, shrubs and spring bulbs that harbour abundant bird-life. In pristine condition, this home makes the perfect accommodation retreat for the enormous number of wedding guests who visit the Southern Highlands throughout the year. There are currently five bedrooms, comfortably accommodating up to 10 people and possibly 16 people with minor renovations (STCA). The large master bedroom features an ensuite, a walk-in 'robe as well as a separate built-in wardrobe. Three other bedrooms have built-in 'robes. A spacious family bathroom plus a separate powder room make for comfortable living, even at the current full capacity of 10 people. A classic, white-tiled entry foyer, floor-to-ceiling windows and modern, neutral tones complement the adjacent bedroom and formal living and separate dining areas. Move through to the spotless, north-facing, white kitchen with polished timber benchtops, double-door oven, gas cooktop and dishwasher, with adjoining sunny family living room. This area opens to the private, rear, paved alfresco courtyard, and from the family room, a tiled corridor leads to the very well-appointed laundry with covered utility area, and powder room. A massive rumpus/billiards room, extending into the double garage, offers the canny investor more opportunity to create higher returns with conversion to a master bedroom with ensuite and walk-in-robe or alternatively, a double bedroom and a bunkroom (both STCA). Otherwise, this huge space currently offers the perfect teenage retreat or entertaining area. The north-facing rear of the house means loads of winter sun in the back courtyard, and established trees provide plenty of shady play-areas for the kids. A generous and sympathetically designed car-port for an additional vehicle means three vehicles can be comfortably parked onsite. Other features include upstairs reverse-cycle heating/cooling, additional gas heating downstairs, instantaneous gas hot-water, three garden sheds and two 2000-litre rainwater tanks. Set well back from the street on a near-level, half-acre block, this delightful haven is just an easy stroll to Bowral cafés and boutiques, Bowral Golf Club and function venues. It is therefore an attractive proposition for the wedding market. * Based on a purchase price of $1,295,000 with rental rate of $90 per person, per night, accommodating 16 guests for 135 nights p.a. Disclaimer: Potential returns are based on information provided by a third-party accommodation specialist, based in the Southern Highlands. All interested parties are advised to make their own enquiries and Knight Bailey takes no responsibility for actual investment rates of return. Contact: Craig Symons of Knight Bailey on 0418 206 373 Land Size: 2068 m2 Outgoings per Annum: Council $ 2,741.63 Water & Sewerage $ 948.72 plus usage

Knight Bailey - BOWRAL

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General Features

Bathrooms: 2
Bedrooms: 5
Land Area: 2068 m2
Car Spaces: 3
Ensuites: 1

Outdoor Features

Garages: 2
Carports: 1

Other Features

Broadband Internet access
Built-In Wardrobes
Close to Schools
Close to Shops
Open for Inspection Times

No inspections are currently scheduled. Contact the agent to arrange an appointment.

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