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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Agent Details

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Julie Slater

0499 994 241
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From appraisal through to the sale and settlement of our late parents house, Julie & Nick made the process smooth and worry free. They were professional and friendly and showed respect for what was at times an emotional time for our family. We appreciated their clear, prompt communication especially as we all live out of the area. We highly recommend them.

Julie and Nick were both fantastic to work with! Highly recommend. They made the entire purchase process super smooth from the get go, were really easy to get in touch with and always kept me up to date. Genuine, honest and very knowledgeable.

Slater and Slater was recommended to me by another local seller. Julie and Nick were extremely easy to work with, I found them ,not only respectful of me but also my property. They are a highly professional and ethical agency who place their priority to the client above all else. I would not hesitate to recommend them above all other local agents. They were trustworthy and provided me with prompt detailed feedback immediatly after all viewings,they are certainly the best I have dealt with.

I would like to say a massive thank you to Julie Slater on doing an incredible job of selling our house so quickly! Both Julie and Nick should be commended for their, professionalism, communication skills, knowledge and expertise of the area they service. If you are looking for real estate agents that are trustworthy, then we would highly recommend Slater and Slater Real Estate to sell your property.

We have no hesitation in recommending Julie Slater and her husband Nick from Slater & Slater Real Estate in Wauchope. Julie is a perfectionist, a solid communicator with a no nonsense approach and goes above and beyond for her clients. We have bought and now sold with Julie and her realistic appraisal sold our home in less than 2 weeks. Great transparency and true to their business motto.

Julie did a really great job guiding us through this stressful process of selling under difficult circumstances at the time. She takes a genuine, personal and caring interest in what is happening and offers practical suggestions and advice. Julie found the very best buyers for our property.