A quality commercial investment offering secure income, an established long-term tenant and excellent future flexibility all in the centre of narooma located at 2 Tilba Street.
Originally a residential home, the property has been extensively renovated and converted into professional commercial premises, while retaining attractive character features including high ceilings and ornate detailing.
Currently returning over $57,000 per annum (4.5%), the property is leased to an established commercial tenant with approximately 5.5 years remaining on the current lease, providing excellent income security.
Property Highlights
$57,000+ annual rental income with CPI every year returning approx 4.5%
Approx. 5.5 years remaining on current commercial lease - Tenants pay for all outgoing
Approx. 181sqm internal area plus 6.8m x 6m garage
Multiple consulting/office rooms
Ducted air conditioning throughout
Multiple solar panels assisting with energy efficiency
High ceilings and attractive ornate features
Renovated kitchen, bathroom/laundry and additional WC
Large 7.7m x 3.5m deck plus rear patio
Approx. 200sqm fully fenced rear yard - Excellent additional storage area with potential for further shedding, subject to approval
Dual access from Tilba Lane
Originally a residential dwelling, offering potential for future conversion back to residential use, subject to zoning and Council approval
Secure income today with genuine options for tomorrow – an appealing Narooma commercial investment with character, space and long-term potential.
Council Rates = $6,792.00
*DISCLAIMER: While Whale Coast Realty have taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Whale Coast Realty urge prospective purchasers to make their own inquiries to verify the information contained herein.*
