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McNally House (c1880) commands a prime position on Waterfall Way – the main road through Bellingen and the number one iconic drive in NSW. Having been extensively renovated in 1995 then further extended and renovated in 2008/9 it now offers a fantastic commercial opportunity with potential for further development, set on 732 sq m with rear lane access and off street parking. Ideally suited to professional offices or consulting rooms, a realistic estimate of likely rental return is $850 - $1050 per week or 7.4% - 9.1% pa return, or alternatively, as bed and breakfast or backpacker style accommodation, the returns could be even better !

With prime main street frontage in one of Bellingen’s landmark buildings on the eastern approach to Bellingen this property offers maximum exposure to the thousands of cars that drive the Waterfall Way, with the ideal opportunity to capture their attention as they arrive in Bellingen at 40 km/h. The property already has approved off street parking for 5 vehicles (including garage) and there’s room on the business zoned block for further development if that’s what you want to do.

The current layout is like this – in the building that fronts the main street there are 2 rooms approx 3.6 x 4.8m – one has dual access from both the hallway and the verandah while the other just has hallway access.  Still in the main building there is also currently a large 4.8 x 7.3m room adjacent to the 1.5 x 7.3m hallway.  A suggested utilization of these spaces would be to divide them into 4 x smaller rooms each approx 3 x 3.8m.  To achieve this you would need to introduce a verandah access door for one of the larger rooms and two of the smaller rooms together with reinstating the currently ‘opened up’ dividing walls. We estimate the larger rooms would rent for $100-125pw each and the smaller rooms would rent for $75-100pw each

Upstairs in the newly renovated loft area are two rooms, each approximately 4.3 x 4.3m with dormer windows facing north and divided by a new bathroom and storage cupboard.  We estimate that this space would rent for $175-200pw.  In a newly renovated separate pavilion adjoining the main building via a timber deck we have one large 4.1 x 3.5m room with ensuite bathroom with walk through storage area that we also estimate would rent for $175-200pw.

In the centre of this property is a newly renovated kitchen/living room area (6.4 x 6.2m), with direct access from the verandah/deck and lovely big French doors opening to the northern courtyard/garden.  In our concept this space could/would be utilized by all tenants. A separate toilet is accessed from the verandah/deck.

The rear lane access is a real bonus and provides 4 x open car parking spaces as well as an historic lock up garage space.  Currently the open space on this property is a lovely private garden which includes three mature citrus trees, an avocado tree, a lillipilli, two lovely leopard trees, a rich bromeliad garden and native grasses together with more recently planted fruit trees and strawberries. With rich alluvial soil and plenty of rainfall there’s no trouble growing things or alternatively this space could be utilized for future development if that’s what you would like to do.  We estimate the available land is approximately 300 sq m.

The position and orientation of this property is excellent, within easy walk (50 – 700m almost flat) of cafés, clubs, golf course, swimming pool, boutique shops, restaurants, river, parks and more. Just 15 minutes drive to the beach or the Promised Land, with half an hour drive of Coffs Harbour and Nambucca Heads.  This beautiful building is of solid timber construction (ask anyone that’s tried to hammer a nail into a house built in 1880) and enjoys delightful cool breezes from the north east that make all the difference on those hot summer days.

In short this property offers a lot in an historic package that is “very Bellingen”, and an ideal investment. with estimated returns around 7.4% - 9.1%pa.

Inspections are by appointment, or come to an open house.  To arrange an inspection or to make further enquiries please use the contact details below.

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