37 Railway Avenue

Unique Southern Highlands Mixed-Use Building MMJ is pleased to present 37 Railway Avenue, Bundanoon to the market. A rare and unique opportunity to acquire an entire freehold building, with multiple income streams comprising of commercial and residential components, allowing value-add potential, diverse income streams and re-development options (STCA). This fully-leased and high performing mixed-use asset with sought-after historic charm, is prominently positioned in the centre of Bundanoon's bustling and tightly-held village, a hotspot within the Southern Highlands. Rarely does this type of opportunity come available to market. Key Investment Highlights: • 2x commercial shops + 2x residential units (one title - no strata) • Generating a total passing income of $120,479 p.a. net + GST • Shop 1 (Bottega B Ristorante) renewed leased till May 2030 • Shop 2 (Bundanoon Loves Dogs) leased on a monthly holdover basis • Two x 2-bedroom units on the first floor both on 12 month RTA leases • Option to increase passing income by short-term Airbnb unit rentals • Long well established tenants with anchor tenant business operating 15 years • Multiple tenancies provides steady reliable income with low vacancy • Direct access to Sydney & Canberra (90 mins) Value-Add Highlights: • Set on an expansive 747m2 parcel of land with dual street access (Railway Ave & Osborn Ave) • High performing asset with large fully renovated/turn key residential units above finished to a high standard • Versatile E1 Local Centre offering future development and subdivision considerations with over 400m2 of vacant land at the rear with rear road access (STCA) • Further opportunity for owner occupier or operator - live, work or invest To arrange an inspection or for more information on the property, please contact the exclusive marketing agents.