38 Church Street, Gloucester NSW 2422

$795,000

4 beds

2 baths

5 parking

ROCK SOLID INVESTMENT

Dual purpose building in the main street of Gloucester providing a rent return in excess of 6% gross. Lower floor houses professional offices which can be split into 3 different tenancies, but currently let as one. Upstairs has 2 x 2 bedroom fully furnished flats with access from the front and rear of the building respectively. Off street parking at the rear for 5 cars is accessed from the council maintained lane.

This building presents in great order with fresh paint, new floorcoverings, appealing brick façade and large front display windows. Residential leases are currently 12 month intervals with long term tenants. Commercial section has only had 3 tenants in the last 17 years proving the appeal of this property.

This is your ideal investment property for a self managed super fund or just a passive income producer. Details of leases and further information available from the agents upon enquiry.

Property Code: 218

Property Details

• Type: Other
• Bedrooms: 4
• Bathrooms: 2
• Other Parking: 5