As far as commercial investments go this property is positioned as good as you can get, located right in the hub of Deniliquin’s CBD. It’s where you need to be! Built in 1877 ‘Sydney House’ has played an important part in Deniliquin’s history.
The property appears in excellent structural condition and features classic architecture and elegant brick work of yesteryear.
There has been considerable internal and external renovations and improvements over the past 3-4 years including fully refurbished ground floor office and retail as well as first floor residence.
This is a no fuss investment where all the hard work has been done! The commercial ground floor is occupied by a blue chip tenant ‘Bendigo Bank’, an important and trusted banking service provider.
Featuring typical bank layout with customer service and teller services located at the front, there are offices located through the middle and storage, utilities and wet areas located at the rear.
The upstairs residence has its own street access and is well appointed, consisting of three bedrooms, lounge, kitchen and family bathroom.
Both tenants are first class, and the residential rent market is tight and remains very strong.
Currently returning over $63,000 per year, which equates to a return of around 7.5%. An opportunity that should not be missed!
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