68 William St, BATHURST NSW 2795
$1,850,000 (GST na)
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- Hotel / Leisure, Retail
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- 10 Aug 2016
Commercial Investment Opportunity
Local Business Landmark
Prime corner location
Ground Floor Restaurant on 5 x 5 x 5 year lease Commence December 2014. (restaurant established in 1958)
Level One 1 x 3 Bedroom, 1 x 2 bedroom + 2 room/store.
Fully leased net income estimated at around $115,000pa
Bathurst is a rapidly expanding regional area.
The region has experienced a strong population growth of 1.3% (ten-year average) and has been one of the fastest growth areas of all regional inland Cities in NSW (ABS: Regional Population Growth, Australia, 2011-2012). Additionally, the Bathurst economy grew by 2.2% in 2013 (National Institute of Economic & Industry Research).
The Bathurst population forecast for 2016 is 42,354, and is forecast to grow to 52,851 by 2036.
(reference from report by evocities)
Bathurst's economy is broad based with a strong manufacturing industry, large education sector (including agricultural) and government service sectors.
Education is Bathurst's largest industry with 60 education facilities that represent 7.6% of Bathurst’s Gross Regional Product
There are also a number of major infrastructure projects being planned in Bathurst including the $21 million retail/bulky goods development approved for Sydney Road, the expansion of Westpoint Shopping Centre and a development of a second major car racing track.
For further details contact CST Properties;
Con Tastzidis 0403 118830
Business Real Estate Specialists
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
68 William St BATHURST