$1,200,000
380 Auburn Street, Goulburn, NSW 2580
Main Street Position Investment 5.4% Return
CBD Investment Opportunity – 479 sqm
This mixed use investment in the heart of Goulburn’s CBD presents an excellent fully leased opportunity. The investment offers a long term commercial tenant downstairs and newly renovated 3 bedroom apartment upstairs. The owner undertook extensive renovations to the first floor in early 2022, to the value of $120,000 and included:
- A new roof
- Complete rewiring and plumbing of the residential unit
- Painting and new flooring throughout the residential unit
There is separate entrances to both tenancies and a shared back yard. Each premises has it's own electricity meter. The property has rear lane access which is where the 2 car garage is located.
Shop - Ground Floor – 158 square meters
On the ground level you have a long term tenant in a Thai Restaurant paying $825 per week plus all water and council rates. There is a lease in place to 2025 with 4% increases each year.
Apartment – Level 1 - 97 square meters
This Victorian Style unit has features including stained glass windows, high ceilings, balconies off 2 bedrooms, built in wardrobes in each bedroom, gas heating, freshly painted and new carpet throughout. The residence has been fitted with a new kitchen and bathroom and is complete with off street parking and a 2 car garage. A 12 month lease has just been signed at $490 per week.
Please call Christina Comelli on 0402811002 on this impressive investment opportunity.
This mixed use investment in the heart of Goulburn’s CBD presents an excellent fully leased opportunity. The investment offers a long term commercial tenant downstairs and newly renovated 3 bedroom apartment upstairs. The owner undertook extensive renovations to the first floor in early 2022, to the value of $120,000 and included:
- A new roof
- Complete rewiring and plumbing of the residential unit
- Painting and new flooring throughout the residential unit
There is separate entrances to both tenancies and a shared back yard. Each premises has it's own electricity meter. The property has rear lane access which is where the 2 car garage is located.
Shop - Ground Floor – 158 square meters
On the ground level you have a long term tenant in a Thai Restaurant paying $825 per week plus all water and council rates. There is a lease in place to 2025 with 4% increases each year.
Apartment – Level 1 - 97 square meters
This Victorian Style unit has features including stained glass windows, high ceilings, balconies off 2 bedrooms, built in wardrobes in each bedroom, gas heating, freshly painted and new carpet throughout. The residence has been fitted with a new kitchen and bathroom and is complete with off street parking and a 2 car garage. A 12 month lease has just been signed at $490 per week.
Please call Christina Comelli on 0402811002 on this impressive investment opportunity.
Property Info
Municipality
Goulburn
Comelli Commercial Wollongong
Suit 7, 50 Crown St
Wollongong, NSW 2500
Tel: +61242288622
Email Us
Christina Comelli
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