Auction Ended

Unique piece of history with income + subdivision potential

2-14 Swift Street, Wellington, 2820, NSW

This property offers the flexibility of an existing commercial lease to the National Australia Bank ...Read More

Auction Information

Auction Ended

Last Bid by Bidder No. #1


$ 496,000.00*

Auction Schedule

  • Auction Ended 7 years ago
  • Starts (AEDT) Tue, 10/12/2013 11:00 AM
  • Ends (AEDT) Thu, 12/12/2013 12:00 PM
David Scholes

David Scholes

License No.:238350

Auctioneer In Charge
Raine & Horne Wellington | Gary Francis

Gary Francis

  • 0428 459 830
  • 02 6845 1222

Unique piece of history with income + subdivision potential

2-14 Swift Street, Wellington, 2820, NSW

    This property offers the flexibility of an existing commercial lease to the National Australia Bank and residential lease areas plus expired subdivision approval.

    Presently the BANK area is returning $29,000 + GST with the tenant contributing to 45.8% of the outgoings.

    A new 5 year lease is effective 14 January 2014 with a 5 year option.

    The properties main air conditioning unit has also been replaced this year.

    The residence is currently under a separate residential tenancy for $250 per week, however future usage could see it double for commercial office space also.

    Like the bank it oozes charm and character with the marble fireplaces, high ornate ceilings, use of tessellated tiles and the merging of contemporary design in areas like the bathroom, kitchen and laundry.

    There are 4 bedrooms plus office/study or computer room. Inspections are strictly by appointment.

    Off-street parking plus lock up garage with the property right in the middle of town.

    There has been an approved subdivision, now expired, showing the potential to build more professional rooms, cafe etc on this site. The contract will not be subject to the subdivision.

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    Other Details

    • Site Area : 1,360.0 sqm
    • Building Area : 429.0 sqm

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