Burgess Rawson are pleased to exclusively offer a rare investment to the market, 90-92 Jenkins Street Nundle.
Nestled within the stunning landscapes of New England region of NSW, Nundle stands as a living testament to Australia's gold mining heritage. Its roots can be traced back to the 1852 discovery of gold at 'The Hanging Rock' and nearby Swamp Creek. Just a stone's throw away from Sydney, and a brief hour's journey from Tamworth, this historic town is situated between the tranquil Peel River and the majestic Great Dividing Range.
Drawing visitors from far and wide, Nundle offers a myriad of attractions year-round. Quirky festivals dot the calendar, providing entertainment and insight into the town's vibrant culture. History enthusiasts can delve into the fascinating tales of Nundle's gold rush era, while nature lovers are treated to breathtaking scenery at every turn.
For those with a spirit of adventure, Nundle presents the perfect opportunity to try their hand at fossicking, seeking out precious gems and minerals amidst the rugged terrain. Whether it's immersing oneself in the town's captivating history, marveling at its natural beauty, or simply soaking in the laid-back atmosphere, Nundle promises an unforgettable experience for all who venture its way.
Three tenancies combined for a diversified income stream, aid in minimizing risk and maximizing longevity. The sale includes all of the land and the Service Station, Cafe, Residential Unit and a Gallery space. This service centre is popular for regional travelers and well known with a welcoming stop for those in need of replenishment.
Highlights:
- High Yielding
- Diversified Income Stream
- 6-year lease with options to 2031
- Main Street Location
- Regional Tourism Hotspot
- Nearest service station 40+ km away
- State significant windfarm project in final stages of planning, expected start early 2025
Lease: Service Station and Cafe
Lease Term: 6 years
Lease Commencement: 30th September 2022
Lease Expiry: 29th September 2028
Further Options: One further terms of 3 years
Increases: 3% Fixed per annum
Lease: Gallery
Lease Term: 3 years
Lease Commencement: 9th October 2023
Lease Expiry: 8th October 2026
Lease: Residential Accommodation
Lease Term: 6 months (rented to cafe owner)
Lease Commencement: 11th March 2024
Lease Expiry: 10th September 2024
Total Net Income: $92,057 pa + GST
For Sale by Expressions of Interest closing 4pm, Friday 7th of June, 2024
Indicative price $1,100,000 circa 8.37%
Agents: Guy Randell 0430 272 999 & James Baker 0421 863 040 & Kieran Bourke 0417 418 007
