Commercial Property: Building in Beaumont Street offers exposure and multiple income streams

EXPOSURE: A building in Beaumont Street with three income streams is being sold for the first time in around 50 years. It has a guide of $1.6 million.
EXPOSURE: A building in Beaumont Street with three income streams is being sold for the first time in around 50 years. It has a guide of $1.6 million.

A building on Beaumont Street which has been in the same family since the 1960s is expected to be sought after given its location and potential for multiple income streams.

NEW OFFERING: An artist's impression of Riverside Business Hub in Steel River Estate, Mayfield West which is set for completion in October.

NEW OFFERING: An artist's impression of Riverside Business Hub in Steel River Estate, Mayfield West which is set for completion in October.

Petra Croker of Four Walls Commercial is marketing 138-140 Beaumont Street through an expressions of interest campaign with offers over $1.6 million being considered.

“Currently it’s split into three tenancies, two retail downstairs and one commercial office space upstairs but it could easily be split into four tenancies and can be used for residential upstairs,” Ms Croker said.

“The bottom two are currently leased and the top commercial space is vacant.

“You’ve got good exposure at the lights at Tudor Street and we’ve had a bit of enquiry already.”

The property also offers a large balcony on the first floor.

Expressions of interest close at 4pm on March 7.

NEW WAREHOUSE

Byrne Tran, of Colliers International, said a new commercial development on the corner of Pambalong and Riverside Drive at Mayfield West offered “stylish and unique business premises”.

Riverside Business Hub is set for completion in October of this year.

There are 17 units in total, starting with a price point of $325,000.

Mr Tran said the prominent corner position in the sought-after industrial precinct of Steel River Estate would be a key selling factor, as well as good design and accessibility for larger vehicles with manoeuvrability to all 17 units and three entry/exit points.

MARY ELLEN LISTED

Merewether’s Mary Ellen Hotel has hit the market.

The popular Railway Street venue, well-known for its “schnitties” and vast array of craft beers, will be sold through an expressions of interest campaign.

It is being marketed by CBRE Hotels in conjunction with Moore & Moore Real Estate and agent Deane Moore said they had been “inundated” with enquiries, “predominantly from Sydney”.

FOR SALE: Merewether's popular Mary Ellen Hotel is on the market for the first time in 13 years. It sold off market in 2016.

FOR SALE: Merewether's popular Mary Ellen Hotel is on the market for the first time in 13 years. It sold off market in 2016.