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An Iconic Investment - The Old Butter Factory

1 Doepel Street, BELLINGEN NSW, 2454

Sold

Property Sold in 1 Doepel Street, BELLINGEN NSW, 2454

Your Commercial Property Specialist

Suite 1, Level 1, Coffs Service Centre, 380 Pacific Highway, Coffs Harbour, NSW 2450

Listing ID:
11382879
Status:
Sold
Price:
Sale: $1,750,000 + Excl. tax
Last Updated:
06/05/2020
Icon building

Property Type

Retail
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Land Area

5500 SQM
Icon size

Floor Area

1200 SQM
Icon parking

Parking

N/A

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.

Iconic Investment -The Old Butter Factor
High yielding opportunity
Circa $160,000 (excl GST) net annual rent
Over 9% net return on the asking price
Gross floor area approx 1,200 m2 + covered walkways
8 Titles covering approx 5,500 m2
11 tenancies anchored by The Old Butter Factory Cafe
Renowned dining and boutique retail shopping precinct
Perfect wedding venue
Located halfway between Sydney and Brisbane
Only 30 minutes from Coffs Harbour

For further information please contact Your Commercial Property Specialist:

Cherie Parik: 0423 369 999 or cherie@yourcps.com.au
Michael Ball: 0437 414 022 or michael@yourcps.com.au

Your Commercial Property Specialist office: (02) 5606 2444 or admin@yourcps.com.au

We're your commercial property people - and we look forward to securing this premises for you.

The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however we cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify the information.

For more details, please email agent

Your Commercial Property Specialist

Suite 1, Level 1, Coffs Service Centre, 380 Pacific Highway, Coffs Harbour, NSW 2450


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