291 River Street Ballina NSW 2478

Located in one of Ballina's most tightly held areas, 291 River Street is hitting the market, offering exceptional potential for investors and business owners alike. This unique property features an 80 sqm commercial space fronting the high-traffic River Street which is one of the busiest and most visible locations in town. At the rear, via laneway, you'll find a versatile 3-bedroom building, perfect for additional office space or residential use.

With its prime position on River Street, this property enjoys exposure to passing foot and vehicle traffic, making it ideal for businesses looking to capitalise on visibility. Properties in this tightly held section of River Street rarely come onto the market. This property represents a rare opportunity to secure a high-demand space in Ballina.

The flexibility of this property means you can lease the commercial space for instant rental income, while using the rear building for your own business or residential purposes, or rent both spaces for a solid return on investment. The current owner has outgrown the property and purchased elsewhere, leaving behind a well-maintained and upgraded space.

The property has recently undergone significant improvements. A new Colorbond roof was installed in the commercial space, replacing the original trimdek, and the 5kW solar system was re-installed with updated brackets and fixings. Inside, new epoxy flooring was laid, and the property has been freshly painted inside and out.

Additional upgrades include a new toilet, vanity with hot and cold water, and a new communications rack with cabling and camera systems, ensuring the property is ready for modern business needs. Security is well-handled with new access control and camera systems throughout.

This is your chance to secure a property in one of Ballina's most sought-after areas with high exposure to River Street traffic and a versatile layout that offers multiple income-generating possibilities.

Rental Appraisal:

Commercial: $21800.00 + GST + Outgoings
Residential: $32,240.00 ($620 per week)