A rare property in that it offers the new owner a commercial and a residential tenancy.

The convenience store has operated for the last 50 years and is a Newnham icon. Turnover is good and the shop presents well. It is constructed of brick and has recently had a fitout ‘update’. The rent is $270 a week + 1/3 of the outgoings for the property. The current tenants are in the first year of a 5 year lease with a five year option to follow.

The 2 bedroom house has a 12 month lease in place and a good rental history. Rent is $200 per week. Also constructed of brick, the residence also includes a garage.

Returning $24 440 per annum, this property deserves your appraisal.