The residential tenancy is a funky little ground floor flat offering one large bedroom with built-in robe and one small bedroom/study with direct access to the backyard.  It has a new kitchen with double sink, dishwasher, electric stove and cooktop and a new bathroom with large shower, toilet and timber vanity.  The living room comes with polished timber floors and a built-in modular lounge, while the rest of the flat is carpet on a concrete slab.

The commercial tenancy is in a prime main street position in Bellingen with approx 120sqm of lettable area comprising one separate office accessible from customer area and the balance in large open space with serving counter and customer area.  The whole area is carpeted with a kitchenette in the main area and toilet at rear.

Commercial property in Bellingen’s main street tends to be tightly held and very few commercial properties offer a residential option as well.  Do the numbers yourself on this one and you’ll see it stacks up well with approx 7% pa return on commercial (plus 50% outgoings) and approx 5% pa return on residential.

The property is generally in good condition, built primarily in double brick with a weatherboard extension at the rear.  Both premises are on one strata title lot which includes 2 off street rear lane carparks and the majority of the lawn.