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58 Kurrajong Avenue

Leeton NSW 2705

4
2
2
330 m²
1012 m²
House
Currently for sale - view listing

Overview

Dual Income Investment Opportunity

Presenting a fantastic dual-income investment opportunity in the heart of Leeton. This property features a tidy 4-bedroom house and a commercial shopfront, both with established tenants on fixed-term leases. Offering reliable rental returns and the potential for future growth, this is a prime investment for those seeking both residential and commercial income. Key Features: * Dual Income with established tenants (House: $310pw, Shop: $1296.75 per calendar month) Total Annual rent $31,681p/a * Prime Location on Leeton's Main Street with excellent exposure * Fully Fenced, Low-Maintenance House with shedding * Commercial Shopfront with office spaces, staff amenities, and storage * Additional Vacant Land adjacent to the shop, offering development potential * Total Land Size of 1012m² (approx), offering room for future growth * Solid, Long-Term Leases ensuring reliable, consistent rental returns * Quick rent growth with market appraisal for house currently $450p/w and increase of $130p/w The House: * 4 Bedrooms Spacious and comfortable, perfect for families or tenants seeking ample living space. * 2 Bathrooms Well-appointed to suit the needs of a larger household or shared living. * 630m² (approx) Fully Fenced Block Enjoy privacy and security with a fully fenced yard, ideal for pets or outdoor activities. * Shedding Additional space for storage or a workshop. * Currently Tenanted on Fixed-Term Lease at $310 per week A solid rental return, providing consistent income. The Commercial Shopfront: * Prime Main Street Frontage Excellent exposure on Leeton's busy Main Street, ideal for businesses seeking high visibility. * Reception Area & Multiple Office Spaces The shopfront includes a reception area and several office spaces, suitable for a range of businesses. * Staff Amenities & Storage Space Fully equipped with staff amenities and ample storage for business operations. * Vacant Land Adjacent to Shop Included in the sale is additional vacant land next to the shop, providing potential for future development or expansion. * Tenanted on Fixed-Term Lease at $1296.76 per calendar month GST Inclusive A steady rental return, ensuring regular income from the commercial space. * Lease terms - 2-year lease expiring 30/3/2028 with further 1 year option. * The combined total block size of 1012m² offers a great mix of opportunity, with the added bonus of vacant land next to the shop, allowing for future development. This property offers a secure and profitable investment opportunity with excellent rental returns from both the residential and commercial spaces.

Features

4 bedrooms
2 bathrooms
2 carspaces
330 m² floor area
1012 m² lot size
House

Happy sellers in Leeton

85%
85% 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 36 reviews in Leeton over the last 12 months.

Local market activity for 4 bedroom houses in Leeton

In the last 12 months, 35 four-bedroom houses similar to 58 Kurrajong Avenue, have been sold.

This represents a 9% increase in four-bedroom houses sales when compared to the previous 12 months.

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