With the 1 X single & a double refurbished ground floor commercial spaces & 2 residential units now leased (as at 10 August 2018) this investment opportunity has further potential to maximise its future returns.
Rental return as at 14 May 2019 is approximately $40,000 which shows a 10.8% gross return at the asking price.
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 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 that includes refurbished ground floor commercial spaces, two residential units while the enormous space that originally housed the theatre has the unmet potential of the building.
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.
Potential limited only by imagination. Call now.
Got a property to sell? Contact us for a free Property Estimate
Need help with your finance?
|R&H Suburb Summary||Houses|
|Number of sales||162|
|Median Rental Price||$350 p.w.|
|Change in Rental Rate (5yr)||52 %|
|R&H Suburb Summary||Units|
|Number of sales||3|
|Median Rental Price||$250 p.w.|
|Change in Rental Rate (5yr)||25 %|