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2/92 Pine Avenue

Leeton NSW 2705

2
1
218 m²
Apartment
Currently for sale - view listing

Overview

Dual-Income Investment in Prime Main Street Location

Situated in the heart of Leeton's main street, this versatile commercial and residential property presents an excellent opportunity for investors seeking dual income and long-term investment potential in a prime CBD location. The commercial premises at the front are currently occupied by the owner, who is prepared to enter into a lease agreement with the purchaser, providing the opportunity to secure an established commercial tenant from day one. The commercial space offers an estimated rental return of approximately $380 per week + GST, while the separate two-bedroom residence at the rear offers an estimated rental return of approximately $330$350 per week. Together, the property provides the potential for a combined rental return of approximately $710$730 per week, subject to the terms of any new lease and residential tenancy. Key Features: - Prime CBD position in Leeton's main street - Current commercial occupant prepared to enter into a lease - Commercial rental potential of approximately $380 per week + GST - Two-bedroom residence with estimated rental return of $330$350 per week - Potential combined income of approximately $710$730 per week - Dual-income investment - Excellent main street exposure - Strong location with high pedestrian and vehicle traffic - Separate commercial and residential components - An attractive addition to an investment portfolio With two separate income streams and a commercial tenant ready to negotiate a lease, this is an opportunity for investors looking to secure a versatile property with immediate income potential. Properties offering this combination of commercial and residential income in the heart of Leeton are rarely available - an opportunity well worth considering for investors.

Features

2 bedrooms
1 bathroom
218 m² floor area
Apartment

Happy sellers in Leeton

86%
86% of sellers in Leeton reported that their sale price either exceeded or met their price expectations.

Leeton stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 27 reviews in Leeton over the last 12 months.

Local market activity for 2 bedroom apartments in Leeton

In the last 12 months, 6 two-bedroom apartments similar to 2/92 Pine Avenue, have been sold.

This represents a 50% increase in two-bedroom apartments sales when compared to the previous 12 months.

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