161 Nicholson Street, Bairnsdale, VIC 3875
Last updated: 26th September 2020
Listing ID: 2425
- 11 Parking spaces
- 72.0m2 Floor area
- 405.0m2 Land area
Bairnsdale : Bloomsbury Cottage short-stay accommodation and car parking spaces
Phone enquiries - please quote property ID 19200
Bloomsbury Cottage is a two-bedroom self-contained, fully furnished , air-conditioned, serviced cottage for short-stays and B&B type accommodation. It is within the CBD of Bairnsdale, within walking distance of the train station and all facilities. It is widely advertised on all main accommodation websites with an increasing turnover. The property will be sold with all furnishings and fittings including all manchester and accessories. Ideal investment.
At the rear of the property are 11 car-parking spaces. Two are reserved for Bloomsbury Cottage, the other 9 are leased annually with appropriate CPI increases to a nearby business. Car-parking area is maintained by the lessee. Rates are paid by owner.
It could also be an Ideal Holiday Home. Bairnsdale is the gateway to the Lakes and Wilderness region and only 1 1/2 hours to the snow. With the car-parking lease paying for all outgoings and a little in your pocket where could you buy a holiday home which costs you nothing.
Rent it out to your friends when you are not using it and it could be quite lucrative.
Or develop the car parking area - plenty of scope to re-design and develop.
No two-bedroom cottage could produce the returns that this property does!!
Commercially Rated by Council
Entire property returning 9.5% gross.
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