1/7 Gibraltar Street Bungendore NSW 2621

This unique Bungendore property offers an astute investor the opportunity to be an entrepreneur in this flourishing regional country town. With limited office space in the town centre of Bungendore we believe that this little gem will offer a fantastic return to the new owner/s.
With a 207sqm main building, currently being used as a home, there is the chance to turn this building into a business hub, with individual offices and shared common spaces making logical sense for small businesses located in the outer regions of Canberra.
The property is zoned B2, and already has a successful retail space that is on Bungendore's busy main street. With plenty of on exposure, street parking, and some staff/tenant parking to the rear of the property there is little to do to transform this residence in to a serviced workspace.
Front retail/commercial space: $500 per week - $26,000 p.a. (excl. gst)
Rear serviced offices 4 offices @ $350 per week - $1,400 p.w. $72,800 p.a. (excl. gst)
Return approx. 6% return
FRONT RETAIL SPACE 50SQM
SERVICED OFFICES 207SQM
TOTAL LETTABLE AREA: 257SQM

B2 Zoning
Multi use retail/commercial space at the front of property.
Ducted gas heating and ducted evaporative cooling
Two multipurpose workspaces for common use, and 4 separate office spaces
Rear access for staff/tenants
2 x alfresco decks and paved alfresco area.
Large gourmet staff kitchen, with walk in pantry/storage
NBN to the property
LOT: 2
DP: 876415
Block Size: 923 sqm (approx.)
Internal space: 207 sqm (approx.)
Alfresco: 24 sqm (approx.)
Retail/Coommercial Space: 50 sqm (approx.)
Year built: 2014
Rates: $898 per quarter (approx.)

Disclaimer: Carter and Co Agency and the vendor cannot warrant the accuracy of the information provided and will not accept any liability for loss or damage for any errors or misstatements in the information. Some images may be digitally styled/furnished for illustration purposes. Images and floor plans should be treated as a guide only. Purchasers should rely on their own independent enquiries.