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Sold

Freehold property with secure long-term tenancy

This appealing freestanding property enjoys high visibility and has a long term tenancy in place with a vibrant and successful restaurant business.
Over the current three-year tenancy period rent rises have been secured to reflect market rates and will ensure the property is yielding 7.3% or $28,600 p/a by Year 3. The tenant has indicated a strong desire for a long term arrangement and has invested considerably in improvements to the property.
The depth of the site and its proximity to a large seniors housing development may present a redevelopment opportunity over the longer term.
The site is zoned B4 Mixed Use providing the flexibility for a large number of uses with consent.
Investors looking for an alternative to residential property with the opportunity to achieve a greater yield at a reasonable entry price are encouraged to consider the stronger cashflow and development potential in this property.
Please contact the exclusive agent Nicholas Slater on 02 6585 2212 for more information.

1 2 6 828 m2
Address 38 Cameron Street, Wauchope
Price SOLD
Property Type Residential
Property ID 233
Category Other
Land Area 828 m2
Floor Area 205 m2

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Julie Slater

0499 994 241
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"Slater & Slater are a hard working results driven sales team." - 4th December 2018

"We are so happy in our new home. Julie and Nick made our sale & settlement a smooth experience. We love that our buyers are enjoying their purchase as well. Thank you so much." - 12th November 2018

"My husband and I appreciated dealing with Julie. She was friendly and informative but was not at all pushy. We found her to be truthful and are very glad these were the real estate agents we found we were dealing with." - 15th October 2018

"We had a fantastic experience selling our home with Julie and Nick. We found them to be very helpful and honest throughout the entire process. Thank you. Regards," - 3rd October 2018

"On the recent sale of our property I would like to thank Nick and Julie at Slater & Slater for the professional assistance that they’ve provided throughout this process. From the introduction, appraisal and marketing, all the way through to the final sale and settlement, I was kept informed and up to date on all developments. Thank you." - 17th August 2018

"Slater & Slater were more than excellent when selling our property. Their honest and utmost professional approach really helped us get asking price for our property and we are now one step closer to building our 'dream home'. We truly cannot thank them enough, words sometimes aren't enough. They truly are the best!!" - 10th August 2018