FOR SALE
$2,800,000

16A Canning Street
Bega NSW 2550

Bedrooms: -
Bathrooms: 6
Car spaces: 20
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10+5 YEAR LEASE, 7% NET RETURN

Commercial investment opportunities rarely get better than this!
Located in the centre of Bega, this solid building is in good condition throughout and offers investors an opportunity to secure a great lease and return.
Currently leased by South East Radiology, a long standing tenant, with a lease term of 10 years + 5 year option (commenced Jan 2024).
Key points;
- 7% net return at $2,800,000
- Lease commenced January 2024
- Lease term = 10yr + 5yr option
- Rent income $205,000pa +GST
- Outgoings; the owner pays the first $9,365 of annual outgoings
- Outgoings include;
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Property Details for 16a Canning St, Bega

16a Canning St, Bega is a 0 bedroom, 6 bathroom House with 20 parking spaces. The place is currently for sale with LJ Hooker Bega.

Building Type
House

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About Bega 2550

The size of Bega is approximately 31.4 square kilometres. It has 19 parks covering nearly 2.6% of total area. The population of Bega in 2011 was 4,756 people. By 2016 the population was 4,674 showing a population decline of 1.7% in the area during that time. The predominant age group in Bega is 50-59 years. Households in Bega are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Bega work in a labourer occupation. In 2011, 66.6% of the homes in Bega were owner-occupied compared with 61.7% in 2016.

Bega has 2,965 properties. Over the last 5 years, Houses in Bega have seen a 62.96% increase in median value, while Units have seen a 134.95% increase. As at 31 October 2024:

  • The median value for Houses in Bega is $588,062 while the median value for Units is $532,122.
  • Houses have a median rent of $525 while Units have a median rent of $340.
There are currently 61 properties listed for sale, and 13 properties listed for rent in Bega on OnTheHouse. According to CoreLogic's data, 133 properties were sold in the past 12 months in Bega.

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Stuart Cook
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LJ Hooker Bega
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