A rare and versatile investment opportunity delivering an approximate 7% yield with clear scope for further upside.
Positioned on just over an acre in the heart of Meredith, 55 Wallace Street is home to one of the township's most well-known and frequented destinations, offering a unique blend of residential, retail and commercial income streams.
The property features a charming three-bedroom cottage alongside a highly successful café, complete with a fully equipped commercial kitchen. Complementing this is an established steel art business and a collection of specialty retail spaces showcasing an eclectic mix of vintage and artisan goods.
Currently returning approximately $42,000 per annum from the residence and café, plus an additional $10,000 per annum from a long-standing retail tenant keen to remain, the asset provides immediate income with stability.
The expansive remaining land is utilised for the steel and garden art business, presenting exceptional flexibility for future use. Whether continuing the existing operation or reimagining the space as a nursery, garden supplies hub or other outdoor-focused enterprise, the options are extensive.
With onsite parking for approximately 12 vehicles and outstanding exposure along the well-trafficked Midland Highway within the 60km/h township zone, the property is ideally positioned for ongoing commercial success.
An opportunity to retain the current income streams while enhancing and expanding this already thriving precinct, or to reposition and add your own vision.
For further information or to express your interest, contact Nathan Brown today and secure one of Meredith's community treasures.
Disclaimer:
We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.
