(S)/48 High Street, Wauchope, NSW 2446

  • 504 sqm
  • 1

For sale

$865,000 No GST applies

Fully occupied - Commercial Investment Property - Multiple income streams

  • Main Street corner position – well located commercial investment property

  • A mixed use freehold title property with 4 income streams, comprising 3 commercial tenancies and 1 free-standing residential tenancy.

  • B2 Local Business land use zoning allows mixed use commercial, medical, and shop top housing potential

  • Each commercial tenancy has direct street access and natural light.

  • The combined area of the commercial component is 195 sqm approx constructed of brick and sheet metal roof and comprises of 3 tenancies;

    - Tenancy 1 is 95 sqm approx, lease to a mobile phone shop at $25,000 pa GST ex,

    - Tenancy 2 is 41.5 sqm approx leased to a hair dresser at $14,040 pa GST ex

    - Tenancy 3 is 47 sqm approx Leased to an osteopath at $11,700 pa GST ex

  • The residence is constructed of weatherboard cladding and sheet metal and comprises 2 bedrooms with courtyard area and parking onsite, currently occupied also at $310 per week or in other words $16,120 PA GST EX

  • Gross income of $66,860 PA GST ex less – Council Rates, Insurances, property management fees, water charges and an allowance for repairs. – $12,360 PA approx

    - Nett projected income of $54,500 PA GST Ex approx.

  • 6.3% nett return based on purchase at the asking price.

  • This property would suit investors looking for the security of a diverse multiple income investment

  • Located right in the Main Street (which is the Oxley Highway) and opposite the Bain park which is a beautiful outlook and pleasant retreat for staff amenities.

  • Land area of 504 sqm approx., possible opportunity to remove house and further develop (stca).

  • We have obtained all information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

  • Call Luke Horton – 0417 406 414

    Raine & Horne Commercial

    Shop 3, 136 William Street, Port Macquarie

    T : 02 6584 0544

Property Info:
  • Property ID: L3617222
  • Property Type: Retail
  • Building / Floor Area: 504 sqm
  • Car Spaces: 1
  • Land Area: 504.0 sqm