Lot 1 Glendark Properties Bega NSW 2550
Expression of Interest

DESCRIPTION

LJHookerCommercial–Canberra and Fisk and Nagle Bega are delighted to be able to offer 25-37 Parker Street and 14-16 Canning Street,Bega, For Sale via Expressions Of Interest.
These properties provide a fantastic opportunity for an astute investor(s) and/or part owner
occupier(s) to acquire a large 8,182 sqm landholding in the Bega CBD which currently houses a range of building types and uses. The properties are underpinned by a significant cash flow providing an estimated passing net income of circa $395,265 pa plus GST with the potential to achieve an estimated fully leased net income of circa $495,265 pa plus GST.

On offer are 5 separately titled properties, being offered for sale either individually or in one
line. In summary, the properties comprise;
- 2 residential weatherboard cottages fronting Parker Street.
- A site of 4,142 sqm that fronts both Parker Street and Canning Street and accommodates 6
buildings used primarily for medical services including a vacant 603 sqm building.
- A single level building comprising 5 residential flats that fronts Parker Street.
- A single level commercial building on the corner a Carp Street and Parker Street that is
leased to Capital Pathology.
The properties being located in the Bega CBD and having B4 Mixed Use and B2 Local Centre
Zonings under the Bega LEP 2013have a 13 metre height limit and therefore have substantial
redevelopment potentia