Block size: 1378 m² approx.House size: 1045 m² approx.
Potential only limited by imagination
With the 1 X single & a double refurbished ground floor commercial spaces & 2 residential units now leased (as at 10 August 2018) this investment opportunity has further potential to maximise its future returns.
Rental return as at 14 May 2019 is approximately $40,000 which shows a 10.8% gross return at the asking price.
Wellington is the centre of rich & diverse agricultural land with both primary and secondary agricultural and horticultural production thriving in the Wellington Valley.
Wellington is only 35 minutes on the Sydney side of Dubbo & approximately 1 hour to from Mudgee, Parkes & Orange, opening up a further patron base of in excess of 100,000 within a 1 hour radius.
It is renowned for its magnificent caves with an impeccable adjacent 18 hole golf course, water sports located at the Burrendong recreation Park, the annual Wellington Boot horse race, Vintage Fair & Swap Meet, Mt Arthur Cycling Challenge and much more.
The Old Macquarie Theatre has a prominent CBD location and is a diversified property that includes refurbished ground floor commercial spaces, two residential units while the enormous space that originally housed the theatre has the unmet potential of the building.
Most of the hard work has been completed including certified fire systems and planning for disabled access, unlocking potential to capture a greater piece of the income pie.
You can do this by following the lead of the current owners by running regular events that include art shows, training seminars, dance classes, local productions and community meetings all utilising the extensive space offered by the fully refurbished upstairs conference rooms and down stairs dance studio, theatre and cafeteria/bar room.
Potential limited only by imagination. Call now.
* Images reflect properties at the time when the photos were taken. Seasonal changes & maintenance can affect the current presentation and prospective purchasers are urged to use them as a guide only. To be sold with existing tenancies. GST may be proportioned to the non leased area of the property.
Features
Air Conditioning
Close To Shops
Close To Transport
Polished Timber Floor
Inspections
No open inspections scheduled.
Send an enquiry
Contact Gary Francis to learn more about this property, request an inspection or take an online tour.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.
Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
23 Sep 2020
Sold
Raine & Horne Wellington
$300,000
Contract: 23/09/2020
Listed: 10/08/2018
Days on market: 775
Block size: 1378m²
Transfer type: Full transfer
Wellington suburb information
A little bit about who lives locally, as provided by government census data
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.