62-64 Binnia Street, Coolah

$450,000

Two Properties - Multiple Income Opportunity In Coolah

Unique opportunity to purchase two properties in the rural township of Coolah, in Central West New South Wales.

Vendors have owned these two properties since 2006 and after some renovations all buildings have been fully tenanted.

The Building at 62 Binnia Street is comprised of two shops and one office / flat.

The two shops are currently tenanted by a Community Thrift Shop. The rent from this is $866.00 per month. There is an external toilet block with two toilets at the rear of the premises.

The Flat/Office comprises two rooms small kitchen in one room and bathroom with toilet in bathroom. Air conditioning to large room.

Shops and flat are on separate electrical meters.

The Building at 64 Binnia Street is a fully renovated large home which has been used as an office and tenanted by Warrumbungle Shire Council Community Care since 2007. Current lease will expire 31.12.2019 and they currently pay $860.00 per month with CPI increase annually and 25% of levied land rates, Water rates and insurance. There is plenty of space in this house and it also features pressed tin ceilings. It is ideally suited for its' current purpose.

Attached to this building is a brand new 1 bedroom flat occupied by owners with a potential rental income of $180.00 per week or keep for yourself. A large deck opening from main room gives a view out over the valley.

The house and flat are on a large block with extensive gardens and large sheds with further potential for rental if required. The large "Woolshed" is raised off the ground and in excellent condition and is now predominately used for storage but could be easily rented out. Around the woolshed there is ample garage and further storage at ground level. There is combined access by both properties and this driveway also serves as a buffer between properties.

The total area is approx. 2 acres in the middle of the main street. The shops (62 Binnia) occupy approx. a quarter of this area and the 2nd property (64 Binnia) includes the house, all the sheds and garden area.

The current owners are looking to a lifestyle change and wish to do more travelling so it is time for a downsize.

Contact Shelley Piper on 0429771031 if you wish to inspect or have any further questions.

The information & figures contained in this material is supplied by the vendor and is unverified. Potential Buyers should take all steps necessary to satisfy themselves regarding the information contained herein.


Listed by

agent

Shelley Piper

0429771031

[email protected]


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