Freehold Investment with Surplus Land - A Lucrative Opportunity!
475 Pacific Highway, Wyoming NSW 2250
Auction 16/05/24
RetailSize: n/a
Block size: 1432 m² approx.
Discover an extraordinary investment opportunity with this landmark freehold commercial building boasting surplus land, perfect for astute investors looking to maximize their returns through future development (subject to council approval). Situated at 475 Pacific Highway Wyoming, this property offers a host of enticing features that make it an ideal investment choice.
Property Highlights:
Sprawling over a prized 1,432sqm of land, this property presents abundant potential for future development.
Its strategic location next door to McDonald's ensures high visibility and a steady stream of potential customers.
The building currently houses 6 separate tenancies, providing a net lettable area of 582 sqm (approximately) and multiple income streams.
Benefit from the commercial and retail tenancies, which guarantee a stable and reliable cash flow.
The prime freehold location offers exceptional exposure to the Pacific Highway, complemented by favourable Commercial Zoning E3: Productivity Support.
Noteworthy longstanding tenants include Ministry Cafe and Indian Restaurant, Hairdresser, Beauty Therapist and Laundromat adding to the property's appeal and reliability.
Thriving within a commercial precinct that includes prominent establishments like BP Petrol Station and the Laycock Community Theatre, as well as the convenience of The Five Ways Roundabout.
Additional Features:
The surplus land with desirable commercial zoning holds immense potential for future development, subject to council approval.
Current net income stands Total income with rent and outgoings $184,158.
Outgoings are circa $48,400.
Net income circa $135,758.68pa
Floor space ratio of 1:1 and a maximum building height of 8.5 metres, allowing for flexible design options.
To explore this remarkable investment opportunity further or schedule an inspection, please contact the exclusive selling agent, Anthony Scarcella, on 0422 375 522.
Don't miss out on this exceptional investment prospect. Register your interest now!!!!
Disclaimer:
All information contained herewith, including but not limited to the general property description, price, and the address, is provided to us by third parties. We have obtained this information from sources we believe to be reliable however, we cannot guarantee its accuracy. The information contained herewith should not be relied upon and you should make your own enquiries and seek advice in respect of this property or any property on this website.
Property Highlights:
Sprawling over a prized 1,432sqm of land, this property presents abundant potential for future development.
Its strategic location next door to McDonald's ensures high visibility and a steady stream of potential customers.
The building currently houses 6 separate tenancies, providing a net lettable area of 582 sqm (approximately) and multiple income streams.
Benefit from the commercial and retail tenancies, which guarantee a stable and reliable cash flow.
The prime freehold location offers exceptional exposure to the Pacific Highway, complemented by favourable Commercial Zoning E3: Productivity Support.
Noteworthy longstanding tenants include Ministry Cafe and Indian Restaurant, Hairdresser, Beauty Therapist and Laundromat adding to the property's appeal and reliability.
Thriving within a commercial precinct that includes prominent establishments like BP Petrol Station and the Laycock Community Theatre, as well as the convenience of The Five Ways Roundabout.
Additional Features:
The surplus land with desirable commercial zoning holds immense potential for future development, subject to council approval.
Current net income stands Total income with rent and outgoings $184,158.
Outgoings are circa $48,400.
Net income circa $135,758.68pa
Floor space ratio of 1:1 and a maximum building height of 8.5 metres, allowing for flexible design options.
To explore this remarkable investment opportunity further or schedule an inspection, please contact the exclusive selling agent, Anthony Scarcella, on 0422 375 522.
Don't miss out on this exceptional investment prospect. Register your interest now!!!!
Disclaimer:
All information contained herewith, including but not limited to the general property description, price, and the address, is provided to us by third parties. We have obtained this information from sources we believe to be reliable however, we cannot guarantee its accuracy. The information contained herewith should not be relied upon and you should make your own enquiries and seek advice in respect of this property or any property on this website.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Anthony Scarcella to learn more about this property, request an inspection or take an online tour.
Auction
Thursday 16 May, 11:00am
In Rooms: Knight Frank Central Coast
Key details
Property type:
Retail
Block Size:
1432 m²*
Other Details
Lot:
103
Plan Type:
DP
Plan:
1004701
Legal description:
103/1004701
Maps and area information
Block information
Block size: 1432m² (approx)
Legal description: 103/1004701
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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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.
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Property history
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SummaryMedian sales
Average Age
44 years
Population
10,111
Listing ID: 182113610. This listing has been viewed 8 times. It was first displayed on 23/11/2023 and last updated on 16/04/2024.
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.