Built in 1921, Stratheden House is a solid investment for any smart opportunist - the possibilities are endless. Located in the heart of Kyogle, the commercial building has 4 good-sized office spaces upstairs with a shared bathroom and kitchenette/break room with views to the main street, and an additional extra-large space (currently used as a salon) with a long-term tenant in place downstairs guaranteeing an annual return. With its original staircase and historic trimmings as well as a historically sympathetic renovation throughout, it is a piece of the main street history with the classic Art Deco facade that downtown Kyogle is famous for.
As well as having commercial offices, the building has 3 storage sheds/garages as well as another larger shed, which is also currently tenanted. There is also a 2 bedroom residence as part of the building, which could be rented out separately (currently returning $220 per week) or used for on-site accommodation for the owners/caretakers.
Total return of over $53,000 per annum with potential for further income. Call today for a memorandum of property.
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