488 Pacific HighwayBelmont NSW 2280
Property Details for 488 Pacific Hwy, Belmont
Last Listing description (November 2024)
Unlock the potential of this rare mixed-use investment offering 4 income streams on a single block. This property boasts two well-established commercial retail shops and two residential units, perfectly situated on a generous 746m² parcel of land. Ideal for savvy investors seeking stable returns and portfolio diversification.
MU1 – Mixed Use
This zoning allows for a variety of uses and offers flexibility for future development. (STCA) Set on Pacific Hwy, Belmont, this property enjoys excellent exposure and high foot traffic, with easy access to local amenities and transport.
Retail Shop 1 – Mobile Phone Repairs
Size: 36m2 (approx.)
Tenant: Mobile Phone Repairs and Sale of associated products
Lease Type: Retail
Lease Start: 01.01.23
Lease End: 31.12.25
Option: Nil
Outgoings: 20% (Council, Water, Insurance & Management Fees)
Income: $12,312 pa (excluding GST - Owner is not registered for GST)
Retail Shop 2 – Pet Care Salon
Size: 65m2 (approx.)
Tenant: Pet Care Salon
Lease Type: Retail
Lease Start: 11.04.23
Lease End: 10.10.25
Option: Nil
Outgoings: 80% (Council, Water, Insurance & Management Fees)
Income: $16,500 pa (excluding GST - Owner is not registered for GST)
Residential Unit 1
Discover easy living in this well-presented 1-bedroom, 1-bathroom open-plan unit, located on the ground floor for ultimate convenience. The spacious layout flows seamlessly from the living area to the kitchen, creating a perfect space for relaxation. (Lease Expiry 16.6.24 - $330 per week)
Key Features:
- 1 Bedroom
- 1 Bathroom
- Open-plan living and kitchen
- Ground floor unit with easy access
- 1 designated car space
Residential Unit 2
Step into comfort and style with this generously sized 3-bedroom unit offering the perfect blend of modern living and convenience. Featuring a bright and airy open-plan kitchen, dining, and lounge, this unit is designed for effortless living and entertaining. (Lease Expiry 31.10.24 - $420 per week)
Key Features:
- 3 spacious bedrooms
- Open-plan kitchen, dining, and lounge area
- 1 Bathroom
- 2 designated car spaces
- Low-maintenance living in a convenient location
Total Yearly Income:
$67,812 per annum (excluding GST) + recoverable outgoings from the commercial tenants.
An outstanding investment opportunity in a high-traffic location. Contact us today for more details!
Disclaimer: We have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy.
Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including and without limitation, any income, rentals, dimensions, areas, zoning, inclusions and exclusions.
Property History for 488 Pacific Hwy, Belmont, NSW 2280
- 11 Nov 2024Sold for $1,035,000
- 08 Oct 2018Listed for Rent $13,500 / year
- 20 Dec 2005Sold for $490,000
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About Belmont 2280
The size of Belmont is approximately 10.4 square kilometres. It has 11 parks covering nearly 3.8% of total area. The population of Belmont in 2011 was 6,419 people. By 2016 the population was 7,123 showing a population growth of 11.0% in the area during that time. The predominant age group in Belmont is 50-59 years. Households in Belmont are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Belmont work in a professional occupation. In 2011, 65.2% of the homes in Belmont were owner-occupied compared with 66.1% in 2016.
Belmont has 4,160 properties. Over the last 5 years, Houses in Belmont have seen a 64.87% increase in median value, while Units have seen a 39.62% increase. As at 30 November 2024:
- The median value for Houses in Belmont is $886,963 while the median value for Units is $633,946.
- Houses have a median rent of $600 while Units have a median rent of $480.
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