PASSIVE INVESTMENT OPPORTUNITY
“Country Coffee” and CBD apartments
161 George St Bathurst NSW 2795
Landmark Bathurst CBD location opposite Bathurst’s famous King’s Parade Park.
Country Coffee as the locals know it, is a secure, consistently performing investment. This property delivers $122,000 net income. Great investment opportunity with the ground floor cafe being fully leased 5x5x5 to a long term manager and 3 fully leased CBD apartments located on the first floor. Bathurst has record low vacancy rates for residential property at the moment.
Apartment One offers 1 bed / 1 bath / 1 car Apartment Two and Three are both 2 bed / 1 bath/ 1 car The property also includes a lock up garage and vacant land at rear for further development.
SITE AREA 524.8m2
GST The property is offered for sale as a going concern under gst law.
TITLE Freehold (limited title)
ZONING B3 commercial core
PARKING. Onsite parking for 6 cars, street side parking around venue. All day council carpark with 150 carparks at rear of property.
VALUE ADD OPPORTUNITY. Renovate accommodation offering moving from mainstream pricing to premium. Re purpose accommodation from long term to short stay. Build on vacant land at rear of block. Two short term apartments are possible (stca). Extend cafe offering floorspace adding an outdoor garden or other. The venue is located within 150 metres of the new proposed Bathurst Private Hospital which is expected to stimulate enormous demand for services in this area.
DUE DILIGENCE Contract of Sale Leases Floorplans / Site Plan Detailed Information Memorandum
INSPECTIONS Available by confirmed appointment. 3 days notice is recommended for tenanted apartments.
SALES AGENT Mark Sullivan 0429 954 990 sully@atrealty.com.au 248 Howick St Bathurst NSW 2795
