36-42 Swift Street Wellington NSW 2820
- 1,045 m²
- For Sale, $380,000
Potential only limited by imagination
Wellington is the centre of rich & diverse agricultural land with both primary and secondary agricultural and horticultural production thriving in the Wellington Valley.
Wellington is centrally located only 35 minutes on the Sydney side of Dubbo & approximately 1 hour to from Mudgee, Parkes & Orange, opening up a further patron base of in excess of 100,000 within a 1 hour radius.
It is renowned for its magnificent caves with an impeccable adjacent 18 hole golf course, water sports located at the Burrendong recreation Park, the annual Wellington Boot horse race, Vintage Fair & Swap Meet, Mt Arthur Cycling Challenge and much more.
The Old Macquarie Theatre has a prominent CBD location and is a diversified property with quality renovations & offering the opportunity for further returns.
There are three (2 x single shop & 1 x double) refurbished ground floor commercial spaces while the enormous space that originally housed the theatre houses the unmet potential of the building.
Tenants are curently occupying 1 x single shopfront, 1 x double shopfront & 2 x upstairs residential units.
Most of the hard work has been completed including certified fire systems and planning for disabled access, unlocking potential to capture a greater piece of the income pie.
You can do this by following the lead of the current owners by running regular events that include art shows, training seminars, dance classes, local productions and community meetings all utilising the extensive space offered by the fully refurbished upstairs conference rooms and down stairs dance studio, theatre and cafeteria/bar room.
There is greater scope to maximise its usage and return.
* Images reflect properties at the time when the photos were taken. Seasonal changes & maintenance can affect the current presentation and prospective purchasers are urged to use them as a guide only. To be sold with existing tenancies. GST may be applicable to the non leased portion of the building.
|Floor Area||1,045 m²|
|Land Area||1,378 m²|
|Energy||0-star NABERS Energy rating|
|Annual Return||Ask Agent|
|Last updated||15 May 2019|