$900,000 - $950,000
50 Govetts Leap Road, Blackheath NSW 2785
House
425
Block size: 657 m² approx.
COMMERCIAL/RESIDENTIAL BUILDING IN PRIME LOCATION
Opportunity to invest in this character cottage with commercial and residential usage. Located in a prime position in the heart of Blackheath village with 2 leases currently in place, offering a valuable opportunity for investors.
The X factors include:
• Prime location in the main street with high level exposure and foot traffic
• Single weatherboard building with retail space at front and residential unit at the rear.
• Zoned - E1 Local Centre - allowing for a variety of commercial uses STCA
• Would suit an investor / SMSF / homeowner / holiday accommodation
• Current lease in place - Commercial and Residential tenant
• Current commercial rental income - $2002/month inc of GST ($24,024 /annum inc of GST)
• Current rental income for the unit - $1,680/month inc of GST ($20,160/annum inc of GST)
• Total annual income for the whole building - $44,184/annum inc of GST
• Outgoings include - 50% council rates ($2,950/annum), 50% water rates ($633.80/annum ) plus insurance
• Excellent investment, same owners for many years, high occupancy rates
• Possibility to add a granny flat (STCA) and increase ROI.
• Set on a 657m2 approx block with abundant off street parking
This versatile space would suit a variety of buyers with its great street exposure, excellent rental history and off-street parking, you will not want to miss this opportunity. Live on site and run a business, rent both, live in the whole residence or set up the perfect walk to town Airbnb.
Features include: Floorboards
The X factors include:
• Prime location in the main street with high level exposure and foot traffic
• Single weatherboard building with retail space at front and residential unit at the rear.
• Zoned - E1 Local Centre - allowing for a variety of commercial uses STCA
• Would suit an investor / SMSF / homeowner / holiday accommodation
• Current lease in place - Commercial and Residential tenant
• Current commercial rental income - $2002/month inc of GST ($24,024 /annum inc of GST)
• Current rental income for the unit - $1,680/month inc of GST ($20,160/annum inc of GST)
• Total annual income for the whole building - $44,184/annum inc of GST
• Outgoings include - 50% council rates ($2,950/annum), 50% water rates ($633.80/annum ) plus insurance
• Excellent investment, same owners for many years, high occupancy rates
• Possibility to add a granny flat (STCA) and increase ROI.
• Set on a 657m2 approx block with abundant off street parking
This versatile space would suit a variety of buyers with its great street exposure, excellent rental history and off-street parking, you will not want to miss this opportunity. Live on site and run a business, rent both, live in the whole residence or set up the perfect walk to town Airbnb.
Features include: Floorboards
Inspections
No open inspections scheduled.
Send an enquiry
Contact Alan Gregory to learn more about this property, request an inspection or take an online tour.
Key details
Bedrooms:
4
Bathrooms:
2
Garage Spaces:
5
Property type:
House
Block Size:
657 m²*
Other Details
Lot:
B
Plan Type:
DP
Plan:
391158
Legal description:
B/391158
Maps and area information
Block information
Block size: 657m² (approx)
Legal description: B/391158
Measurements are estimates only and based on data provided under licence from
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Nearby sales
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We found 5 houses with 4 bedrooms that just sold near 50 Govetts Leap Road Blackheath
Property history
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SummaryMedian sales
Average Age
54 years
Population
4,672
Listing ID: 181925231. This listing has been viewed 50 times. It was first displayed on 13/09/2023 and last updated on 09/01/2024.
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.