Here's your chance to own the Watchem Primary School and at the same time make a nice income from your investment. Currently rented on a 12 month lease through to June, 2016 for $160 a week, giving you a return of 8.36% on the full purchase price. Set on a large block of approx. 8,155 sq mts [2 acres] the property consists of 3 main buildings with classroom size rooms, storage rooms, corridors and a kitchen. A stand alone block houses two toilet/vanity/shower areas and a laundry. Hot water is via an instant gas hot water service. The kitchen has a gas stove and own electric hot water service. Large electric/gas Rinnai inverter split systems service most areas as well as reverse cycle air-conditioners. The grounds are large with an old tennis court, oval and plenty of room to move. Call Rob on 0467 044 484 to make an appointment to inspect this most interesting property.