66 Carrington Street, West WallsendContact for price
- Bedrooms: 2
- Bathrooms: 1
- Property type: House
- Land size: 517 sq metres
- Listing type: Sold!
GET THE SIZZLE AND THE STEAK
Astute investors take note. Here’s a chance to boost your property portfolio, with a mix of commercial and residential in one neat little package. This butcher’s shop plus 2 bedroom residence provides a genuine cashflow positive opportunity, with returns of over 9.5% gross!
Located in the main street of West Wallsend, a growing suburb with hundreds of new homes being built right now, this well known and respected butcher’s shop hosts an extremely happy and long-term tenant. Rents are being generated on both the shop and the residence with 2 tenants both on fixed term leases.
The shop itself has great frontage and is extremely well fitted out for its current purpose. Behind is the 2 bedroom flat, providing two excellent sized bedrooms, a compact lounge, and a large eat-in kitchen. There’s definitely potential to add value over time, but with the current residential tenant paying $340 per week, you might be happy to leave things exactly as they are.
All of this is situated on a 517sqm block, providing a great sized yard and room for both the business and the residents to have their own space.
Total returns of $38,480pa are on offer for the investor who sees this fantastic opportunity first. And at an extremely attractive asking price, it’s not often an opportunity to get both the sizzle and the steak comes along.
Contact exclusive agent Jon Byrne today to discuss 66 Carrington Street.
At a Glance:
Cashflow positive investment opportunity
Butcher’s shop at the front with great street presence
2 bedroom flat at the rear in good condition
517sqm block right in the main street of West Wallsend
Returning $740 per week from two tenants!
Asking Price $400,000 + GST
More InfoDownload Brochure
Dealt professionally and fairly
Dear Jon and Edith
Just would like to take this opportunity to thank you for the years you managed my rental property and the way you have recently assisted me in selling it due to health reasons. You always explained and kept me
informed of any problems. You dealt professionally and fairly with the tenant and i have no hesitation in recommending your office for property management to future investors.
Again thanks and best wishes for your future prosperity.
- Fiona Moon
Dear No Bull Real Estate
I wanted to take the time to let your team know how happy we are in our new home.
No Bull Real Estate has made moving to WEST WALLSEND so simple.
No Bull Real Estate found us a house in short period of time to all our family members' needs.
The Premium Tracker tool on their website was brilliant as we knew right away when a property matched our needs.
Moving can be very hard on the family but your team were always friendly and helpful.
Thanks for all your help.
We would recommend No Bull Real Estate to anyone without a doubt.
- Paul & Joanna Lappin
No Bull, says it all
I've rented a couple of properties through No Bull Real Estate & find Jon & Edith to be the most pleasant property managers I have ever dealt with, so not only with the sale of your house, you will also be happy with the management of your rental property as well. No Bull, says it all, cheers to Jon & Edith.
- Robert Powell
I highly recommend No Bull Real Estate
Jon & Edith are two incredible people they went above & beyond most people would have to sell my property which had a very difficult tenant who denied access time & time again & must I say they did not put the tenant in there I did, but despite all the difficulty they sold my property finally. Thank you guys so much I highly recommend No Bull Real Estate.