This is a fantastic opportunity for the astute investor looking for solid yearly rental returns and a great opportunity for Capital Growth in this beautiful seaside town on the South Coast of New South Wales. The rental return on this property currently sits at approximately 5.9% with the potential of being increased over the coming years as the whole area continues its strong economic growth.
The Commercial side of this property consists of 4 commercial properties which currently includes Home Timber and Hardware, a hairdressing Salon, a real estate agency and a therapeutic day spa, add to this the one bedroom and two bedroom residential rentals and this investment is the complete package.
This property is the ideal investment or if you are looking to buy yourself a job and solid income then the opportunity to be your own boss and run the local Home Timber and Hardware Business is an opportunity to be considered. The business itself is showing strong economic returns with a profit line of approximately 28%! This business has shown great returns for the past decade with the nearest large hardware store is at Bunnings South Nowra approximately 42 kilometres away!
The vendor is prepared to sign into a new lease and continue running the hardware store however it is also available for sale on a walk in walk out basis.
If interested please register your interest to obtain a full financial synopsis of the financials relating to the property and business.
From all of us at Fitzgerald Hines, we wish you every success in your search for your home. If you would like more details on this home or to discuss one of the many other properties we have available please call or email us today.
Disclaimer: We have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including and without limitation, any income, rentals, dimensions, areas, zoning, inclusions and exclusions.
Shop 1 / 313-323 Crown Street Wollongong NSW 2500