66 Carrington Street, West Wallsend$400,000
- Bedrooms: 2
- Bathrooms: 1
- Property type: House
- Land size: 517 sq metres
- Listing type: For Sale
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
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.
- Kerry Blackburn
Nothing was a problem to them
A review of my recent dealings with NO BULL REAL ESTATE, JON & EDITH BYRNE, PRINCIPALS.
A property, jointly owned by my brother & myself at West Wallsend, was to be sold. This property was very old & had many difficulties attached to it.
As NO BULL was also located in West Wallsend I thought it fitting to engage them in the selling process.
I am certainly glad that I made this decision as the house was sold quickly in a more than professional manner. Nothing was a problem to them during & after the sale, communications at all times were above what you would expect, a very close & personal relationship was formed.
I have no hesitatation in recommending JON & EDITH of NO BULL REAL ESTATE to all & sundry.
In conclusion I thank you both for helping me in what I term a personally difficult situation relating to the sale.
A job well done & to my utmost satisfaction.
Thanking you both.
- Lindsay Fotheringham
Dear Jon & Edith
This is just a short note to you both to let you know how much I have appreciated all of your help along the way. Having never bought a house before, I really didn't understand the complexities of any of the process. Whenever I needed help or understanding, Jon - you were the first person I knew I could call!!.
Thank you for guiding me through this crazy time and for your persistence and patience in getting me my beautiful first home. Your assistance will never be forgotten.
- Liz Hart
Thank you very much
We just wanted to say Thank You for the professional and caring service shown to us whilst selling our property at West Wallsend.
We will, without hesitation recommend you to our neighbours and friends