16-18 Baylis Street Wagga Wagga NSW 2650

SOLD $170,000 ABOVE THE LISTED PRICE !!! A SOLID' 2 storey 'QUALITY' Building - LAND SIZE of 499.5sqm - Re-zoned B3 (Commercial Core) CURRENTLY OWNER OCCUPIED, comprises of upper level Apartment with Fantastic high ceilings, plus LONG STANDING RESTAURANT BUSINESS THAT'S ALSO FOR SALE on the ground level with council approved outdoor eating zone & awning covering 37sqm, grease trap set up, transferable liquor license, security system & move in convenience of an established eatery.

CONNECTED SERVICES: Electricity, Water, Natural gas, Sewer

*** New corrugated iron awning * New gutters * New iron roof
*** Rear lane access
*** Internal 4 car garage, 2 remote control doors for easy tandem parking

*** 548sqm - NET LETTABLE AREA (over 2 levels). this means RENTAL POTENTIAL of $2,085weekly comprising of:

*** 427sqm - GROUND LEVEL - COMMERCIAL: Rental - $1,690p/w (incl GST)
*** 163sqm - FIRST LEVEL - RESIDENTIAL: Rental - $395 p/w

COMMERCIAL - The ground floor has been modernised & currently utilised as a restaurant trading as IL Corso incorporating front reception, servery area with pizza oven, open plan dining, wine bar, modern commercial kitchen, male/female PLUS disability toilets, 2 x storage rooms, separate alcohol room, cool room, & office.

RESIDENTIAL - Access to the first floor residence is via a private stairwell at the front of the building (18 B) & an additional external stairwell at the rear. The residence has ducted cooling & electric heating. There are 4 huge bedrooms with built-ins to 3 rooms, kitchen/living/dining combined, separate lounge room, 1 bathroom, modern laundry with 2nd toilet, storage room & outdoor balcony.

HIGH EXPOSURE - The position of this building is in the commercial/retail precinct of the Wagga Wagga CBD, a regional hub with a population of about 63,000 & an annual growth rate in 2009 of 1.6% (ABS 2010). The medical sector is also an increasing contributor to the local economy enriched by the recent completion of the NEW Wagga Wagga Base Hospital...

AS THE POTENTIAL NEW OWNER OF SUCH AN ESTATE, you can enjoy free ownership for perpetuity & can use the land for any purpose that is in accordance with the local regulations POSSIBILITY OF ADDING A THIRD LEVEL TO THE BUILDING subject to the approval of council. Contact Marya m. 0425 275 555 for more details or to arrange your private inspection.