Located in the heart of Maitland Street, this iconic commercial property presents an exceptional investment opportunity. With dual access from both Maitland Street and Tibbereana Street, this well-situated premises offers versatility, functionality, and secure rental income.
• Prime Maitland Street frontage in the CBD with rear access via Tibbereana Street
• Shop front featuring linoleum flooring, stainless steel wash basins, ample storage, shelving, evaporative air conditioning, LED lighting, and a glass shop front window & entry
• Back room (5.4m x 3.6m) with stainless steel basin and external access
• Storeroom with concrete flooring and a new hot water system
• Concreted undercover alfresco area at the rear.
• Two additional storage rooms.
• Laundry with toilet and shower, plus a separate toilet
• Rainwater tank.
• Securely leased at $550 per week ($28,600 per annum | 7.15% rental yield ) with the tenant covering rates and water, now on an ongoing lease with no CPI increase during the last 5 years.
• The tenants have successfully operated 'Monterey Cafe' for many years and have expressed interest in continuing their tenancy if the buyer wishes to keep the business running.
Narrabri, located in the heart of northwest NSW, is a key inland logistics and resource hub with a population of approximately 13,500 across the Shire. Narrabri generates an annual economic output of $5.67 billion, with both the agricultural and mining sectors in the region, accounting for 72% of the total economic output.
79 Maitland Street is a solid investment with an established tenant, this property is ideal for those seeking a low-maintenance commercial asset in a thriving regional CBD location. Don't miss this rare opportunity to secure a high-yielding property with excellent street exposure.
To arrange an inspection, please contact Eden and Kodey:
Eden Rozendaal: 0498 733 667 | eden@krproperty.com.au
Kodey Stanford: 0447 182 502 | kodey@krproperty.com.au
