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Overview
Located in the bustling heart of Leeton's main street, this unique unit offers an exceptional dual-income opportunity combining commercial and residential spaces. The front commercial premises, currently owner-occupied, come with the potential for immediate rental income through a lease agreement, promising an estimated return of around $380 per week plus GST. This space benefits from excellent main street exposure and high foot traffic, making it ideal for investors seeking a stable commercial tenant.
The rear of the property houses a separate two-bedroom residence, which further enhances the investment appeal with an estimated rental yield of $330 to $350 per week. Together, these dual income streams create a compelling proposition with a combined potential rental income of approximately $710 to $730 per week, subject to tenancy agreements.
This versatile unit spans a sizeable 218 square meters of building space, thoughtfully divided into distinct commercial and residential components. Its prime CBD location ensures strong demand and visibility, contributing to the property's long-term investment potential. The layout appeals particularly to investors looking for a blend of commercial stability and residential rental diversification.
- Prime location on Leeton's main street
- Established commercial tenant opportunity with lease negotiations possible
- Strong rental returns from separate commercial and residential leases
- Distinct dual-income investment profile offering diversification
- Utilises significant floor area effectively for separate uses
Overall, this property represents a rare chance to secure a versatile asset in a thriving commercial district, well-suited for investors focused on maximising income streams and portfolio diversification. Its combination of commercial frontage and private residence caters well to varied income sources, making it a standout offering in Leeton's real estate market.
Local Market Insights
In Riverina, Quiet Listings observed 9 new units entering the market over the last 30 days, down from 12 during the previous 30-day period, with an average advertised asking price of $588,778. The property type mix of listed properties is predominantly Houses at 66%, followed by land (11%), and commercial properties (10%). Raine & Horne was the most active agency in this area, representing 22.2% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
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
Leeton NSW 2705
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 218 m² |
Market Insights for Leeton NSW 2705
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