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Description: Located within the CBD, this property is one of few that offer both an excellent Commercial space, as well as Residential. Currently two separate retail leases, the commercial area has been utilised as one large space in the past. The second level accommodates two residential Units, both with two bedrooms. Shop 1 has been renovated, and a 10kw Mitsubishi commercial grade air conditioning unit installed in June 2019. Both shops have their own amenities at the rear, and a small storage room under the stairwell.
The property is Zoned B3 Commercial Core, and covers an area or approximately 690.5m2 in two separate lots. A Right of Way provides rear laneway access. The vacant area at the rear of the building allows for ample parking, or further development subject to Council approval.
The current owners rebuilt the property in 1980.
The Units allow for comfortable city living, with a large front balcony providing privacy from the street. Stairwell access from Bultje Street, or rear access with an additional balcony area to the carpark. Both Units have built-ins in the main Bedroom, air conditioning, tiled bathrooms, and separate laundry with additional storage space. Unit 1 has undergone some renovations with large white tiles throughout. Both Units feature practical, although original, kitchens. The Units have always accommodated good, long term tenancies.
The annual return is approximately $95,000. More details of the leases can be supplied upon request. Council rates are approximately $12,000 per annum which includes tenant water usage and trade waste charges.
This property offers an opportunity to enter the CBD market, without having to be in Macquarie Street, and the added bonus of good residential accommodation, a rarity in this area.
If you want to be a part of Dubbo's growing commercial future, then 31 Bultje Street is an opportunity not to be missed.
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