Commercial Real Estate for sale in Bellingen

Located at 17 William Street Bellingen, and situated in the CBD among solicitors, medical practitioners and professional offices, is a fantastic opportunity to purchase a commercial investment for your self managed super fund, investment portfolio or first time investment. With a net annual return of $50,842.94 (excl GST), the property represents great value, particularly given where interest rates are currently. Zoned B2 Local Centre, and known as Lot 2 DP 964404, the site occupies an area of 405m2 and comprises two dwellings and two tenants; Clayton and Foster Accountants and a residential tenant. There is rear lane access via Halpins Lane where you will find two undercover parking spaces Tenancy A is of weatherboard construction with metal roof and suspended floor. It has been occupied by Clayton and Foster Accountants for approximately 10 years and has a new 3 year lease + 3 year option in place, commencing November 2015. The building size is approx 100m2 however the age of the building is unknown. The building comprises three offices, reception area, utilities room, kitchenette and bathroom, including shower. One undercover parking space is provided with the tenancy. Tenancy B was built in 2010 and is of weatherboard construction with metal roof. It is located at the rear of William Street, accessible via Halpins Lane. The tenancy size is approx 100m2 and set over two storeys. Downstairs consists of an open plan living area and functional modern kitchen. Off the living area is a private courtyard plus small garden. Also located downstairs is a modern bathroom. Up the timber stairs and you will find two good sized rooms and a bathroom. There are two balconies, one at the top of the stairs and facing north, whilst the south facing balcony is accessed via French doors. There is plenty of storage space throughout. One undercover parking space is provided with the tenancy. For further information, please contact Michael Ball on 0437 414 022 Commercial investment opportunity Fully leased Zoned B2 – Local Centre Site area 405m2 Two dwellings Building area 200m2 (approx) Net annual return $50,842.94