38 Cameron Street Wauchope NSW 2446
Freehold property with secure long-term tenancy38 Cameron Street, Wauchope
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
- No inspections scheduled
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Real Estate For Sale in Wauchope, NSW 2446 priced between $300,000 and $550,000