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Rare CBD offering - Sold 6.10.2022

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Rare CBD offering

25 Perry Street

SOLD - 1600000

503 sqm

25 Perry Street, Mudgee comprises an exceptional commercial investment located in the heart of Mudgee's vibrant CBD.

Map

Embedded Map

Address: 25 Perry Street, Mudgee, NSW 2850, Australia

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Description

25 Perry Street, Mudgee comprises an exceptional commercial investment located in the heart of Mudgee's vibrant CBD.

Situated on a prime corner site of 503 square metres, and boasting net income of $103,872 per annum, providing purchasers with a strong income stream whilst being underpinned by its high land value and future development potential.

Comprising four shops fully leased to a diverse mix of tenants along with a residence on level one, this property offers astute investors the rare opportunity to acquire a prime investment in one of the most tightly held precincts in the state. Opportunities of this calibre are rarely available, with properties typically held in the same ownership for generations.

  • High profile corner site of 503sqm with prominent street frontages
  • Five fully leased spaces with secure long term tenants in place
  • Gross income of $105,988 per annum, with fixed rent review profile
  • Future development potential with expanding commercial core
  • Low maintenance investment opportunity
  • Situated adjacent to Club Mudgee, Woolworths

OUTGOINGS

Water Rates - approx. $200.00 P.Q

Council Rates - $3,127.86 PA

Insurance - Approximately $2,651.75 P.A

Unit Details

Floor plan

Property Outgoings

Council Rates - $3,127.86 P.A

Water Rates - $200.00 P.Q

Insurance - Approximately $2,651.75 P.A

Contract

Words that describe this property

25 Perry Street

  • Opportunity
  • Investors
  • Income stream
  • High demand
  • location

Around the area

The Mudgee Region is located in the Central Tablelands of NSW, just over 3 hours from Sydney. The Region has a dynamic and friendly community along with a strong and diverse economic base, providing opportunities for future business development and growth. The Region also attracts over 691,000 visitors each year to experience the local wine, food, sporting and cultural events.

Population

25,563 as at 2022

(Source: Mid Western Regional Council)

Area

8,752.3 square kilometeres

Major Towns and Centres
  • Mudgee
  • Gulgong
  • Kandos
  • Rylstone
Major Industries
  • Mining
  • Agriculture (including Viticulture)
  • Construction
  • Retail
  • Tourism
Competitive Advantages
  • Diverse and growing economic base
  • Centrally located to Sydney and Newcastle and major regional centres in NSW
  • Strong transport links - daily air and coach services
  • Skilled workforce
  • Strong business services sector
  • Great lifestyle benefits
  • Thriving tourism, arts and cultural sectors
  • Adequate water supply
Schools
  • 3 Public High Schools
  • 8 Primary Schools
  • 1 K-6 Catholic School
  • 1 K-12 Catholic School
Daycare Centres
  • Puggles Child Care Centre
  • Mudgee Little Learners
  • Gowrie NSW Mudgee
  • Squeakers Long Daycare
  • Milestones Early Learning
  • Kiddie Academy
  • Happy Days Gulgong
Recreation
  • 70 Sports Groups
  • 10 Gyms & Exercise facilities
  • 65 Interest Groups
  • 69 Parks across the region

Getting Here

The road trip

From Sydney:

around 3.5 hours along the Great Western Highway through the Blue Mountains, or follow the Bells Line of Road to Lithgow. The turn off for Mudgee is just past Lithgow (the last traffic lights you’ll see for a while), then look out for our billboard with exit instructions (2km). On your journey, be sure to plan enough time for a detour to explore the gorgeous heritage towns of Gulgong, Rylstone and Kandos.

From Newcastle:

take the famous Bylong Valley Way for a 4 hour drive via Maitland, Denman and Sandy Hollow. Turn at Sandy Hollow and explore the villages of Rylstone or Kandos before arriving in Mudgee. Alternatively, take the road via Merriwa and Ulan to Gulgong or Mudgee.

From Canberra:

5 hours via Yass, Cowra and Wellington or via Cowra and Bathurst or via The Tablelands Way through Goulburn, Crookwell and Oberon to Bathurst, then Wattle Flat, Sofala and Mudgee. The road is fully sealed, easy peasy.

From Wollongong:

around 4 hours along the Great Western Highway and Castlereagh Highway. Goodbye surf and sea, hello rolling hills and trees.

Be here in no time, take to the air

Sydney to Mudgee:

FlyPelican connects city-siders with a short 50 minute flight to Mudgee Region (allowing you more time on the ground to indulge), with departures available Monday to Friday and Sunday.

Newcastle to Mudgee (via Sydney):

1.5 hour flight via Sydney.

Take in the scenery, relax.

Hop on a train and a coach. Coach services link with the Sydney Rail Network at Lithgow, daily.

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Make an Offer

To make a formal offer on this property, please fill in the form below and will will give you a call to discuss your offer further.

Please note that this written Notice of Offer does not bind either party to an agreement, the buyer may change their mind at any stage up to exchange of contracts with no penalty. Should there be multiple offers of the same figure terms and conditions will be investigated or a second round of offers will be announced.

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About us

Agent Details

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