House for sale
1a Oak Street,
12 4 1
$1,050,000 - 8%+ Net
Bellingen's Old Council Chambers - Investment Returning 8%+Is this Historic Building in the Heart of Bellingen your next investment?
The Old Bellingen Council Chambers is a prestigious commercial site right in Bellingen township. Being over 100 years old the building has a timeless quality and lovely character and has been extremely well maintained by the current owners.
Situated on the Mid North Coast of NSW, this is an outstanding commercial/investment opportunity located in the heart of town.
The property can remain fully tenanted and you can enjoy the benefit of 11 tenants returning 8%+. The building is currently used as an office building and there are rarely any rooms available. In fact some tenants have been there longer the current owners have owned the property.
The Chambers have 10 individually leased rooms, all used as offices and treatment rooms. There is also 1 suite containing 2 rooms and a large reception area and private kitchen.
There are 3 fully furnished waiting areas, a fully equipped common kitchen + 2 bathrooms. There is also a furnished courtyard for the tenants and guests to relax outdoors.
All the offices are air conditioned and have quality fittings.
The building is fully leased, and is well positioned at the top of town with free parking in front.
The gross return is over 9% and at present offering the investor/owner an 8% + gross return with an extremely low vacancy rate.
The current owners have maintained the property to a level that befit the grand style of the Old Chambers.
This outstanding investment opportunity should not be missed.
10 individually leased rooms used as offices and treatment rooms
1 suite containing 2 rooms + large reception area and private kitchen
3 fully furnished waiting areas
Fully equipped common kitchen + 2 bathrooms
Furnished outdoor courtyard
Offices are air conditioned
Quality fittings throughout
Fully leased with very low vacancy rate
Well positioned with free parking in the heart of town
8%+ net return and increasing every year
Prestigious commercial site
Timeless quality and character.
Last updated: 04:09AM on Oct 9th 2013