161 Nicholson Street Bairnsdale VIC 3875

Phone enquiries - please quote property ID 19200.

Bloomsbury Cottage is a two-bedroom self-contained, fully furnished , air-conditioned, serviced cottage for short-stays and B&B type accommodation. It is within the CBD of Bairnsdale, within walking distance of the train station and all facilities. It is widely advertised on all main accommodation websites with an increasing turnover. The property will be sold with all furnishings and fittings including all manchester and accessories. Ideal investment.

At the rear of the property are 11 car-parking spaces. Two are reserved for Bloomsbury Cottage, the other 9 are leased annually with appropriate CPI increases, to a nearby business. Car-parking area is maintained by the lessee. Rates are paid by owner.

It could also be an Ideal Holiday Home. Bairnsdale is the gateway to the Lakes and Wilderness region and only 1 1/2 hours to the snow. With the car-parking lease paying for all outgoings and a little in your pocket where could you buy a holiday home which costs you nothing.

Rent it out to your friends when you are not using it and it could be quite lucrative.
With property in demand this property could be leased fully furnished - no work entailed, but with an income from the carparks which cover all services so your rental income is all yours!!
Or develop the car parking area - plenty of scope to develop.
No two-bedroom cottage could produce the returns that this property does!!
With Covid, this regional area is in demand.

Entire property returning 10.5% gross.

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