95-97 Nelson Wallsend NSW 2287

Comprising of both a commercial space and a residential apartment, this main street property will be suitable for a variety of purchasers.

The opportunity lends itself to an investor to benefit from a dual income OR a fantastic chance for a business to occupy the ground floor (when vacant) and keep a passive income from the first floor

The residential apartment consists of three bedrooms, single bathroom, and parking onsite.

The Commercial space does have onsite parking and is approx. 60m2 internally.

Tenancy 1 (Ground floor commercial) $412 per week Plus GST (expired)
Tenancy 2 (First floor residential) $270 per week (expired)
TOTAL = $680 per week

Both leases are conservative and invite a review to the incoming investor.

Rental market appraisal value
Tenancy 1 (Ground floor commercial) $500 per week Plus GST
Tenancy 2 (First floor residential) $325 per week
Total = $825 per week

Zoning: B2 Local Centre

Located in the CBD of Wallsend, this opportunity will not last long.

Contact Jesse Mulligan on 0432 160 186