Once our local Ford dealer site the entire building is now leased out to 3-4 separate tenants giving a potential income of over $45,000 per year.
There are 2 titles, one vacant space and 1 housing the shed all on 2019m2. One of the largest sites on the main street.
The corner position also allows for something new to be built on the vacant block. In fact there is also rear lane access and 2 street frontages.
The large building is in very good condition although it may be 90 years old. There is no immediate work needed and tenants are keen to stay.
This is an ideal landbank investment. Buy it for your super, collect the income and down the track this will be a very valuable site in Wingham.