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83 Bega Street, Bega NSW 2550

$625,000

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$625k - $656k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 1 Bath 6 Cars

Listed: 25 days ago

Updated: 18 days ago

Overview

This property at 83 Bega Street offers a blend of solid investment potential and commercial security, appealing primarily to investors looking for long-term contractual rental income. The building serves as a commercial asset leased to a well-established community transport provider under a lease that commences in December 2025. Its lease term is structured over three nine-year cycles (3 x 3 x 3 years), providing enduring tenancy opportunities subject to option exercises.

The net annual return of $39,000 is bolstered by scheduled annual CPI increases, ensuring built-in rental growth and enhancing the investment's appeal. The tenant covers all property outgoings, which simplifies management and minimizes ongoing landlord expenses.

Situated prominently on Bega Street, the property’s location adds to its value, offering a stable and low-maintenance income stream for investors seeking dependable returns. This asset caters well to those seeking secure community service-based commercial property investment with built-in growth and long-term income security.

Local Market Insights

In Bega, Quiet Listings observed 18 new houses entering the market over the last 30 days, up from 16 during the previous 30-day period, with an average advertised asking price of $1,131,555. The property type mix of listed properties is predominantly Houses at 87%, followed by units (4%), and land (4%). The most active agency for houses in the Bega area is currently LJ Hooker, representing 28% of new listings, followed by Butterfield Property with 28%. 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.