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380 Auburn Street
Goulburn NSW 2580
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Sold on 15 Feb 2023

380 Auburn Street Goulburn NSW 2580

  • Shop & Retail
  • 320 m²
  • Sold, $1,200,000

Main Street Position Investment 5.4% Return

    CBD Investment Opportunity 479 sqm

    This mixed use investment in the heart of Goulburn's CBD presents an excellent fully leased opportunity. The investment offers a long term commercial tenant downstairs and newly renovated 3 bedroom apartment upstairs. The owner undertook extensive renovations to the first floor in early 2022, to the value of $120,000 and included:
    - A new roof
    - Complete rewiring and plumbing of the residential unit
    - Painting and new flooring throughout the residential unit

    There is separate entrances to both tenancies and a shared back yard. Each premises has it's own electricity meter. The property has rear lane access which is where the 2 car garage is located.

    Shop - Ground Floor 158 square meters
    On the ground level you have a long term tenant in a Thai Restaurant paying $825 per week plus all water and council rates. There is a lease in place to 2025 with 4% increases each year.

    Apartment Level 1 - 97 square meters
    This Victorian Style unit has features including stained glass windows, high ceilings, balconies off 2 bedrooms, built in wardrobes in each bedroom, gas heating, freshly painted and new carpet throughout. The residence has been fitted with a new kitchen and bathroom and is complete with off street parking and a 2 car garage. A 12 month lease has just been signed at $490 per week.

    Please call Christina Comelli on 0402811002 on this impressive investment opportunity.

    Property Highlights

    Date Sold15 Feb 2023
    Sold Price$1,200,000
    Floor Area320 m²
    Land Area492 m²
    Parking2 x Onsite parkings
    Property ID2018251095
    Category
    Last updated  15 Feb 2023
    Map for 380 Auburn Street Goulburn NSW 2580

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    Property Highlights

    Date Sold15 Feb 2023
    Sold Price$1,200,000
    Floor Area320 m²
    Land Area492 m²
    Parking2 x Onsite parkings
    Property ID2018251095
    Category
    Last updated  15 Feb 2023
    Suite 7, 50 Crown St Wollongong NSW 2500

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