10 Treelands Drive
Yamba NSW 2464
- 16 Parks
$1,650,000
Prime Position With Huge Potential
10 Treelands Drive, Yamba, offers the astute buyer the opportunity to immediately secure an income producing investment, but has the potential to expand the returns available on this property.It has a E1 Local centre zoning (commercial), but also an R3 medium density residential zoning to the rear of the block, which, (subject to Council approval) would allow further development.
Improvements on this 1,102 sq.m. parcel of land currently consists of:-
- Ground Floor commercial area of approximately 175 sq.m., with a lease in place until October, 2025, with a further option to renew for another 4 years. (long term tenant is a Veterinary practice).
- Ground Floor Studio apartment - currently leased to the Vet' practice
- First Floor large 3 bedroom residential unit - currently under long -term lease.
- The property also includes approximately 300 sq.m. of vacant land at rear, zoned R3 medium density residential.
The position of this property is unique - straight across the road from Coles/Yamba Shopping Fair.
With tenants in place showing a respectable net return, and the potential for further development at the rear of the property, and Yamba's seemingly endless growth over the last 10 years, this may be a property for the future, that you don't want to miss!
DISCLAIMER: The information contained in the advertising of this property is based on information provided to the agents, and the vendor and agents expressly disclaim any liability arising therefrom. The accuracy of the information cannot be guaranteed, and prospective purchasers should make their own enquiries and form their own judgement as to these matters.
Features
General Features
- Land Area: 1,102sqm
- Commercial Type: Medical/Consulting
- Building Area: 372sqm
- Car Spaces: 16
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