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McNally House (c1880) commands a prime position  on the main road through Bellingen. Having been extensively renovated in 1995 then further extended and renovated in 2008/9 it 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 7.5% - 9.3% 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 excellent 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.

This is not your average commercial property˙.this is one of Bellingen’s most treasured historic buildings that offers sound commercial potential as well as that “special something” only found in buildings that have weathered the passing of time and come through it with many “stories to tell”

The commercial space currently offers 3 separate rooms and our rental estimates are based on reorienting this space to separate lettable spaces.  Residentially there are 3 newly renovated rooms and 2 new bathrooms and the  central kitchen/living enjoys its own separate pavilion treatment

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 ˇV 700m almost flat) of caf?s, clubs, golf course, swimming pool, boutique shops, restaurants, river, parks and more. Just 15 minutes drive to the beach or the Promised Land, and half an hour drive to Coffs Harbour or 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 7.5% - 9.3%pa.

Call to view at a time that suits you.  To arrange an inspection or to make further enquiries please use the contact details below.

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