38 Cameron Street Wauchope NSW 2446

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$425,000

Freehold property with secure long-term tenancy

38 Cameron Street, Wauchope
This appealing freestanding property enjoys high visibility and has a long term tenancy in place with a vibrant and successful restaurant business.
Over the current three-year tenancy period rent rises have been secured to reflect market rates and will ensure the property is yielding 7.3% or $28,600 p/a by Year 3. The tenant has indicated a strong desire for a long term arrangement and has invested considerably in improvements to the property.
The depth of the site and its proximity to a large seniors housing development may present a redevelopment opportunity over the longer term.
The site is zoned B4 Mixed Use providing the flexibility for a large number of uses with consent.
Investors looking for an alternative to residential property with the opportunity to achieve a greater yield at a reasonable entry price are encouraged to consider the stronger cashflow and development potential in this property.
Please contact the exclusive agent Nicholas Slater on 02 6585 2212 for more information.

Property Code: 243
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Last updated 11:27AM on Aug 12th 2017
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