32-34 Gum Tree Drive Goonellabah NSW 2480
- 855 m²
- For Sale, $1,975,000 OR NEAREST OFFER
SOLID INVESTMENT OPPORTUNITY - 6 COMMERCIAL UNITS WITH GREAT INCOME PLUS TWO RESIDENTIAL UNITS.
Phone enquiries - please quote property ID 26521.
* Excellent return on your investment
* 6 commercial units with long term tenancies
* 4/5 bedroom residence (with choice to live in or rent out)
* 1 bedroom unit at ground floor, currently with a residential tenant, but previously a commercial tenant
* Further refurbishment options to create more commercial suites
.An architect designed complex in the beautiful NSW Northern Rivers with long term tenants being sold as a "Going Concern"
The complex is situated in flood free Goonellabah, adjacent to the Bruxner Highway the main road connecting Ballina and Byron Bay to the inland, through Lismore and Casino.
When constructed in 1976, it was designed for us, as present owners, to live in as managers, with what is now Suites 4,5 & 6 used for our air conditioning business and we self managed other tenants. We sold our air conditioning business in 2005 and moved to Brisbane and have retained the premises as a mostly self managed investment.
The locality is a growing residential and satellite commercial area part of the Alstonville Plateau, with views to the border ranges and enough elevation to catch the cooling afternoon north easterly sea breezes. Just 2.5 hrs drive to Brisbane CBD or International Airport, or 30 minutes to the surf at Ballina or 45 minutes to Byron bay. The surrounding rich volcanic soils are home to productive macadamia, avocado and banana farms, with increasing low chill fruit orchards and coffee plantations.
Nearby Lismore is the Northern Rivers Centre of education and health facilities, with good sporting and cultural activities.
The commercial area is operated under the registered name: "Goonellabah Business Centre" which is registered for GST. It consists of six separate suites/units and two residential suites with a combined income in September 2021 or of $134,745.56 plus GST. One commercial tenant is vacating in October, 2021, due to ill health, but there is good enquiry for the vacant space.
The commercial units have long term tenants, ranging from a Sporting Association, Chiropractor, Clinical Psychologist, Paediatrician, Personal Fitness Trainer. All units are air conditioned, with carpeted floors. The construction is cavity brick with zinc alum insulated roof and stainless-steel box gutters. There is good off-street parking for tenants and ample street parking for visitors.
Suite 7: At ground level beneath the main residence there is a one bedroom unit with large lounge and separate kitchen dining area, currently let as a residential Suite, but previously to a commercial tenant.
Suite 8: The main residence is on the first floor with four bedrooms (all with built in robes), plus a study or fifth bedroom. The master bedroom has an ensuite, walk in robes and a separate study or sewing annex. The modern kitchen has a dishwasher, Tasmanian Oak cupboards and pantry. The kitchen is adjacent to a spacious lounge/living area which then opens to an enclosed veranda/sunroom. Also at first floor level is an outdoor deck and enclosed games room (previously a swimming pool now covered over.}
(It should be noted that the residence could also easily be modified should new owner with to convert to more professional consulting rooms or service office).
The residence also has a lock up garage and carport, with an owner's tool room, wash tub and toilet at ground level.
The complex is being sold as a FREEHOLD going concern and is GST free.
Enquiries are invited.
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