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Sold on 18 Oct 2021

16-18 Baylis Street Wagga Wagga NSW 2650

  • Shop & Retail
  • 548 m²
  • Sold, $1,650,000

A RARE FIND Circa 1920 - 2 level BUILDING - Residence + Commercial RESTAURANT

  • ENTIRE Building - 'FOR SALE' & 'LEASE'
  • COMMERCIAL & RESIDENTIAL COMBO
  • BONUS "Business For Sale"

SOLD $170,000 ABOVE THE LISTED PRICE !!! A SOLID' 2 storey 'QUALITY' Building - LAND SIZE of 499.5sqm - Re-zoned B3 (Commercial Core) CURRENTLY OWNER OCCUPIED, comprises of upper level Apartment with Fantastic high ceilings, plus LONG STANDING RESTAURANT BUSINESS THAT'S ALSO FOR SALE on the ground level with council approved outdoor eating zone & awning covering 37sqm, grease trap set up, transferable liquor license, security system & move in convenience of an established eatery.

CONNECTED SERVICES: Electricity, Water, Natural gas, Sewer

*** New corrugated iron awning * New gutters * New iron roof
*** Rear lane access
*** Internal 4 car garage, 2 remote control doors for easy tandem parking

*** 548sqm - NET LETTABLE AREA (over 2 levels). this means RENTAL POTENTIAL of $2,085weekly comprising of:

*** 427sqm - GROUND LEVEL - COMMERCIAL: Rental - $1,690p/w (incl GST)
*** 163sqm - FIRST LEVEL - RESIDENTIAL: Rental - $395 p/w

COMMERCIAL - The ground floor has been modernised & currently utilised as a restaurant trading as IL Corso incorporating front reception, servery area with pizza oven, open plan dining, wine bar, modern commercial kitchen, male/female PLUS disability toilets, 2 x storage rooms, separate alcohol room, cool room, & office.

RESIDENTIAL - Access to the first floor residence is via a private stairwell at the front of the building (18 B) & an additional external stairwell at the rear. The residence has ducted cooling & electric heating. There are 4 huge bedrooms with built-ins to 3 rooms, kitchen/living/dining combined, separate lounge room, 1 bathroom, modern laundry with 2nd toilet, storage room & outdoor balcony.

HIGH EXPOSURE - The position of this building is in the commercial/retail precinct of the Wagga Wagga CBD, a regional hub with a population of about 63,000 & an annual growth rate in 2009 of 1.6% (ABS 2010). The medical sector is also an increasing contributor to the local economy enriched by the recent completion of the NEW Wagga Wagga Base Hospital...

AS THE POTENTIAL NEW OWNER OF SUCH AN ESTATE, you can enjoy free ownership for perpetuity & can use the land for any purpose that is in accordance with the local regulations POSSIBILITY OF ADDING A THIRD LEVEL TO THE BUILDING subject to the approval of council. Contact Marya m. 0425 275 555 for more details or to arrange your private inspection.

Marya Stylli
Mastersell Realty Australia Pty Ltd
Marya Stylli
Mastersell Realty Australia Pty Ltd

Property Highlights

Property ID2017039448
Date Sold18 Oct 2021
Sold Price$1,650,000
Floor Area548 m²
Land Area500 m²
Parking4 x Onsite parkings
Building TypeWhole building
Category
Last updated  30 May 2021
Map for 16-18 Baylis Street Wagga Wagga NSW 2650
Marya Stylli
Mastersell Realty Australia Pty Ltd
Marya Stylli
Mastersell Realty Australia Pty Ltd

Property Highlights

Property ID2017039448
Date Sold18 Oct 2021
Sold Price$1,650,000
Floor Area548 m²
Land Area500 m²
Parking4 x Onsite parkings
Building TypeWhole building
Category
Last updated  30 May 2021
217-221 Sheridan Street Gundagai NSW 2722
Marya Stylli
Marya Stylli
Mastersell Realty Australia Pty Ltd

Marya Stylli

Mastersell Realty Australia Pty Ltd

0425 *** ***
0425 275 555

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