Landmark Queanbeyan Property

Located on a prominent corner position overlooking the picturesque Queanbeyan Park is this substantial property, sited on a 1,245m2 block.

The property dates back to the 1930′s and was originally built for local businessman Mr Collett as a residence.

The architectural style is synonymous with the Federal Capital architecture style of early Canberra. (Queanbeyan Heritage Study)

The property is currently being utilized as a licensed restaurant on the ground floor and this area has a lease in place that expires in September 2013 with an option for a period of 2 years.

On the first floor is a spacious two bedroom apartment currently used as a private residence with a separate entrance and has exclusive use of the double garage.

This is a wonder opportunity for a prospective purchaser to secure a land mark property with a secure income stream.

Current gross income is $64,800.00 (G.S.T Inc) and potential income from the 2 bedroom residence @ $380.00 per week. The Manor has a potential gross income of $84,560.00.

Approx building size:
- Restaurant: 142m2
- Garage & Laundry: 79m2
- Upstairs Residence: 112m2
- Upstairs Balcony: 18m2

Inspection by appointment only
Please call Michael Dyer on 0438 174 400 for further information.