Lot 1/56 High Street, Wauchope, NSW 2446

* Freestanding Strata opportunity in the heart of Wauchope CBD. * Ground Floor commercial premises of 212 sqm approx. * First floor 3 bedroom residence with office of 188 sqm approx. * Existing leases in place for both tenancies. * Good onsite parking at rear. * A great opportunity to secure a main street CBD investment property in Wauchope. * Zoned B2
- Local Centre. * Outgoings: Council Rates $4,731 PA approx; Building Insurance $4,655 PA approx. * Waterman's Café premises located at the rear of the subject property is not part of this Sale. Tenancy 1
- Ground Floor Shop 1
- Commercial Tenant: David Ross Lindsay Pty Ltd T/A Harcourts Real Estate
- Lease for Five (5) years commencing 1 April 2020 and expires 31 March 2025 with further Five (5) year option
- Current Rental $51,323.16 PA GST Exc
- Rent Reviews
- 3% Annual Reviews, Market at Option
- Outgoings
- Lessee responsible 33% of Council Rates; Water, Sewage & Draining Charges + Land Tax
- Five (5) allocated car parking spaces Tenancy 2
- First Floor Residence
- Residential lease
- Lease for One (1) year commencing 12 April 2024 and expires 10 April 2025
- Current rental $26,000.00 PA GST free
- Two (2) allocated car parking spaces Total rental income $77,323.19 PA Gross GST Exc + 33% of Council Rates, Water, Sewage & Draining Charges + Land Tax Contact Raine & Horne Commercial Graeme Garrett 0417 243 727 E: [email protected] T: 02 6584 0544 Shop 3, 136 William Street, Port Macquarie