Greenlees Property is pleased to present 5-7 Wallaga Lake Road, Bermagui for sale via Expressions of Interest (EOI).
5-7 Wallaga Lake Road, Bermagui occupies an irreplaceable freehold position, conveniently located opposite Bermagui Public School in the vibrant seaside village of Bermagui.
- Current Rental Income: $101,584.38pa (NET)*
- Diverse income profile with five (5) income streams
- Commanding position opposite Bermagui Public School
- Large 1,012sqm landholding with three (3) street frontages*
- Attractive E1 Local Centre zoning
- Incredible future development potential including commercial premises, childcare and/or medical centre, hotel, shop top housing & tourist accommodation (STCA)
The property is comprised of a part double storey mixed-use building with a total lettable area of 705 sqm* currently configured as four (4) ground floor retail tenancies plus a 3-bedroom residence upstairs, with at grade car park for eight (8) cars accessed via Narira Street. Each retail tenancy is accessible either directly from the car park or via the footpath on Wallaga Lake Road, with the apartment having private access off McIntosh Lane. Immediate access from Bermagui Public School available via the pedestrian crossing.
5-7 Wallaga Lake Road, Bermagui is for sale by Expressions of Interest closing Thursday 31 October 2024 at 3:00PM (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Greenlees Property.
* Approximately
Property Code: 67
