An Iconic Investment - The Old Butter Factory
Located on the eastern outskirts of Bellingen, The Old Butter Factory represents an excellent opportunity for an investor to secure a high yielding commercial property with proven tenure over many years.
Comprised of 11 tenancies, and anchored by the highly regarded and long standing Old Butter Factory Cafe, the entire complex is a well known dining and boutique retail shopping precinct with large numbers of locals and tourists alike. Importantly for the tenants, there is plenty of parking available at the doorstep!
The property consists of 8 Titles with three street frontages and a total land area of approx. 5,500 m2. The gross floor area is approx 1,200 m2 plus covered walkways.
The net annual return is currently circa $160,000 (excl GST) with plenty of upside. Showing a better than 9% net return on the full asking price, serious consideration must be given to this high yielding asset.
Having recently been significantly refurbished, The Old Butter Factory was originally constructed around the early 1900's having been set up as the regions butter factory for the local dairy farmers. Adjacent to the main brick building is a weatherboard building that was built to accommodate a bacon factory. The two buildings are now linked via undercover walkways and awnings.
Situated on Waterfall Way, the main arterial road between the Pacific Highway to the east, and Armidale (New England Region) to the west, Waterfall Way has continuously been voted one of the best scenic drives in NSW.
Bellingen is a town of approximately 3,500 people positioned on the banks of the Bellinger River halfway between Sydney and Brisbane, and only 30 minutes from Coffs Harbour.
In recent years Bellingen has become known for its transformation into a cosmopolitan town, largely due to the significant numbers of people relocating to the area from capital cities; particularly Sydney. Bellingen has a strong affinity with the arts and is home to numerous festivals and renowned artists.
The local economy remains tourism based with rural orientated activities forming the major industries.
For more information on arguably the best investment available in Bellingen, please call Michael on 0437 414 022 or Peter on 0413 111 621 today.
Located on the eastern outskirts of Bellingen, The Old Butter Factory represents an excellent opportunity for an investor to secure a high yielding commercial property with proven tenure over many years.
Comprised of 11 tenancies, and anchored by the highly regarded and long standing Old Butter Factory Cafe, the entire complex is a well known dining and boutique retail shopping precinct with large numbers of locals and tourists alike. Importantly for the tenants, there is plenty of...
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