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Studio    4 Bath    6 Car

Property ID: 20407524

Land Size: 531 m²

Rates: $3,549.36 Annually

Circa 1922 Commercial Heritage Investment

A rare opportunity has arisen to secure a piece of Bellingen history. Circa 1922 commercial weatherboard building comprising of 4 shops, carport, large brick shed and garage. The prominent site boasts exposure to Bellingen's main street being Hyde St/Waterfall Way which is also a nationally renown tourist route. The position is also directly opposite to the Bellingen Council Chambers. Zoned B2 Local Centre the 531m2 block has rear lane access and is also located in Bellingen's Heritage Conservation Area. Fully leased with excellent leases in place and tenants paying outgoings showing a current net annual return of $57,617.52 ex GST. A super secure income and historically low vacancy rates. With the RBA expected to cut rates even further this property has outstanding returns at way better than bank interest! Add to that a historic Bellingen building makes this an opportunity not to be missed!!
An information memorandum is available to genuine enquiries on request.