COMMERCIAL/RESIDENTIAL BUILDING IN PRIME LOCATION

Opportunity to invest in this character cottage with commercial and residential usage. Located in a prime position in the heart of Blackheath village with 2 leases currently in place, offering a valuable opportunity for investors.

The X factors include:
• Prime location in the main street with high level exposure and foot traffic
• Single weatherboard building with retail space at front and residential unit at the rear.
• Zoned - E1 Local Centre - allowing for a variety of commercial uses STCA
• Would suit an investor / SMSF / homeowner / holiday accommodation
• Current lease in place - Commercial and Residential tenant
• Current commercial rental income - $2002/month inc of GST ($24,024 /annum inc of GST)
• Current rental income for the unit - $1,680/month inc of GST ($20,160/annum inc of GST)
• Total annual income for the whole building - $44,184/annum inc of GST
• Outgoings include - 50% council rates ($2,950/annum), 50% water rates ($633.80/annum ) plus insurance
• Excellent investment, same owners for many years, high occupancy rates
• Possibility to add a granny flat (STCA) and increase ROI.
• Set on a 657m2 approx block with abundant off street parking

This versatile space would suit a variety of buyers with its great street exposure, excellent rental history and off-street parking, you will not want to miss this opportunity. Live on site and run a business, rent both, live in the whole residence or set up the perfect walk to town Airbnb.

Explore the area

School catchments

Blackheath Public School Primary K-6 Government 0.38km
Mountains Christian College Combined K-12 Independent 1.1km
Mount Victoria Public School Primary K-6 Government 5.8km
OneSchool Global NSW - Mount Victoria Combined 3-12 Independent 6.1km
Katoomba North Public School Primary K-6 Government 7.5km
St Canice's Primary School Primary K-6 Catholic 9.2km
Katoomba Public School Primary K-6 Government 9.5km
Leura Public School Primary K-6 Government 9.6km
Megalong Public School Primary K-6 Government 10.2km
Katoomba High School Secondary 7-12 Government 10.5km
Kindlehill School Combined K-12 Independent 11.2km
Blue Mountains Grammar School Combined K-12 Independent 11.2km
Wentworth Falls Public School Primary K-6 Government 11.8km
Lawson Public School Primary K-6 Government 16.2km
Our Lady of The Nativity Primary School Primary K-6 Catholic 17.0km
Korowal School Combined K-12 Independent 17.1km
Lithgow High School Secondary 7-12 Government 20.1km
La Salle Academy Lithgow Secondary 7-12 Catholic 21.1km
Springwood High School Secondary 7-12 Government 25.0km
St Columba's Catholic College Secondary 7-12 Catholic 28.2km
Winmalee High School Secondary 7-12 Government 30.7km
Wycliffe Christian School Combined K-12 Independent 31.8km
Blaxland High School Secondary 7-12 Government 32.6km
Kuyper Christian School Combined K-12 Independent 37.1km
The Lakes Christian College Combined K-12 Independent 37.3km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.