Character Blue Chip Investment Established Retail and Residential Investment

Overview

Thriving commercial and residential building, located in prime position in Wingham's main street. Built in 1910 as a butcher shop, 99 Isabella is a fine heritage building with many original features. The building has been lovingly restored. Fully re wired to bring it to current standards, along with installation of 10 KW rooftop solar have ensured it is energy efficient and versatile. Very stable investment for commercial and residential.

99- Restaurant/Cafe Space- "Garden Grub"
Seating 50 inside and 50 outdoors undercover Generous storage in shed Commercial kitchen fitout including new cool room, Hobart dishwasher, Goldstein 6 burner stove, gas oven and range hood2 separate toilets- one with wheelchair access, one with a shower Ornate high ceilings and original stained glass windows, original butchers tiling both on the exterior and interior Polished concrete floors, oiled hardwood ply lining walls Space has been operating as a cafe since 2002 with the current cafe open since 2013 with a lease until 2019- then an option to renew for 3 years
99a- Retail Shop Front- "Sophia's Heritage Blooms"
Highly sought after, rarely vacant, prime location in main street Newly plumbed for waxing/nail bar or hairdresser Ceiling fans x 2, front and separate rear entrance Occupied by Sophia's Heritage Blooms since Dec 2016
99b- 3 bedroom apartment
Upstairs apartmentCharming high ceilings, french doors to verandas Light, spacious, sunny and private 3 generous bedrooms and spacious lounge rooms with ceiling fans Recently renovated bathroom and kitchen, second toilet downstairs Miele oven and cooktop Internal laundry and clothes lineCurrent tenant in place since 2011
99c- Office space with waiting room- Somatic Psychotherapist
Private entrance down attractive pathway, very quiet space suitable for current use as psychotherapistNew timber flooring in office suite and tiled waiting room High ceilings Current tenant since renovation in 2013
Landscaped Garden
Very attractive professionally landscaped garden Water feature with pump and light Pathways paved with heritage style bricks from Lincoln Brickworks Wingham
Parking Area
One undercover parking space, 3x end to end parking spaces (max 5 vehicles) Rear lane access to parking with plenty of extra parking in laneway
Net income: $77,852 per annum