29-35 Parker Street Bega, NSW 2550
29-35 Parker Street Bega, NSW 2550
29-35 Parker Street Bega, NSW 2550
29-35 Parker Street Bega, NSW 2550
29-35 Parker Street Bega, NSW 2550
29-35 Parker Street Bega, NSW 2550
29-35 Parker Street Bega, NSW 2550
29-35 Parker Street Bega, NSW 2550
29-35 Parker Street Bega, NSW 2550
29-35 Parker Street Bega, NSW 2550
29-35 Parker Street Bega, NSW 2550
29-35 Parker Street Bega, NSW 2550
29-35 Parker Street Bega, NSW 2550
29-35 Parker Street Bega, NSW 2550

29-35 Parker Street Bega, NSW

Property Type Office
Asking Price $3,450,000
Floor Area 1,153 m²
Land Area 5,049 m²

High Yield Investment with Longer Term Redevelopment Potential

This property provides a fantastic opportunity for an astute investor(s) and/or part owner occupier(s) to acquire a large 5,049 sqm landholding in the Bega CBD which currently houses a range of building types and uses. The properties are underpinned by a significant cash flow providing an estimated passing net income of circa $275,039pa plus GST with the potential to achieve an estimated fully leased net income of circa $376,839 pa plus GST.

A summary of the property is;

- A site of 5,049 sqm that fronts both Parker Street and Canning Street and has DA approval for further subdivision into 3 sites of approximately 4,052 sqm, 548.7 sqm and 448.6 sqm respectively (see Annexure 1 plan).
- A residential weatherboard cottage at 29 Parker Street.
- A single level commercial building with sub floor storage of 603 sqm at 31-33 Parker Street.
- A residential cottage converted to commercial use at 35 Parker Street.
- A residential cottage converted to commercial use at 14 Canning Street.
- A 2 level mixed use commercial/residential building at 16 Canning Street.
- A single level 344 sqm commercial building at 16A Canning Street.
- The property is zoned B4 Mixed Use under the Bega LEP 2013 which provides for a 13 metre height limit, therefore providing the property with substantial redevelopment potential.