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Overview
27 BATE STREET
Located in the heart of the historic and picturesque Central Tilba, this unique property presents a rare opportunity combining residential comfort with commercial potential. The fully renovated residence offers three bedrooms and two bathrooms, designed in a charming country style that has been beautifully restored to blend traditional character with modern functionality.
The home features an open-concept living area that promotes a seamless flow between spaces, ideal for both relaxation and entertaining. The modern kitchen is thoughtfully designed and opens onto the dining area, which provides access to restored decks. These decks offer a stunning north-facing outlook over the scenic Tilba foothills, creating a tranquil and inviting atmosphere.
At the front of the property, two separate shop fronts provide excellent commercial opportunities. Both shops have been renovated and feature separate power supplies and individual entrances, allowing for independent operation. These dual shopfronts benefit from maximum visibility and attract significant foot traffic, making them ideal for business ventures.
Current leases are in place, providing a steady income stream: Shop 1 is rented at $450 per week with a three-year lease commencing 28th February 2025, Shop 2 at $350 per week with a lease starting 15th April 2025, and the three-bedroom residence is rented at $400 per week under a similar lease term. This results in a total gross rental return of approximately $1,200 per week, equating to an estimated 5.22% yield.
Additional features include two off-street parking spaces accessed via a concrete driveway, a rare amenity in Central Tilba, and ample storage space beneath the house. The property’s location is ideal, situated in the vibrant heart of Central Tilba, which is rapidly becoming a sought-after destination on the South Coast.
Key highlights of this property include:
- Fully renovated three-bedroom residence with a lease in place
- Two commercial shopfronts with separate power and entrances, both leased
- Two off-street parking spaces with concrete driveway
- Generous storage space under the house
- Prime location in Central Tilba with strong foot traffic
- Excellent commercial and residential investment opportunity
This property offers an exceptional lifestyle and investment prospect, combining the charm of a country home with the benefits of commercial rental income. Prospective buyers are encouraged to act promptly to secure this rare offering.
Council rates are approximately $3,740.40 per annum.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Central Tilba NSW 2546
Market Insights for Central Tilba NSW 2546
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