SOLD

Astute investors take note. Here’s a chance to boost your property portfolio, with a mix of commercial and residential in one neat little package. This butcher’s shop plus 2 bedroom residence provides a genuine cashflow positive opportunity, with returns of over 9.5% gross!

Located in the main street of West Wallsend, a growing suburb with hundreds of new homes being built right now, this well known and respected butcher’s shop hosts an extremely happy and long-term tenant. Rents are being generated on both the shop and the residence with 2 tenants both on fixed term leases.
The shop itself has great frontage and is extremely well fitted out for its current purpose. Behind is the 2 bedroom flat, providing two excellent sized bedrooms, a compact lounge, and a large eat-in kitchen. There’s definitely potential to add value over time, but with the current residential tenant paying $340 per week, you might be happy to leave things exactly as they are.

All of this is situated on a 517sqm block, providing a great sized yard and room for both the business and the residents to have their own space.

Total returns of $38,480pa are on offer for the investor who sees this fantastic opportunity first. And at an extremely attractive asking price, it’s not often an opportunity to get both the sizzle and the steak comes along.

Contact exclusive agent Jon Byrne today to discuss 66 Carrington Street.

At a Glance:

Cashflow positive investment opportunity
Butcher’s shop at the front with great street presence
2 bedroom flat at the rear in good condition
517sqm block right in the main street of West Wallsend
Returning $740 per week from two tenants!