Positioned on a prominent corner block with maximum exposure on Dungog's bustling main street sits this historic brick building that is being offered to the market for the first time.
Built in 1918, the property has been home to the Commonwealth Bank of Australia for the past 90 years and the Government Savings Bank for 13 years prior to that.
Part of the building (122sqm) is leased to Dungog Dental until 2023 with an option to 2026. The rental income is $16,683.00 per annum (gross) with an annual 3.5% increase.
Things you need to know:
- Title particulars: Lot 1 DP 9396
- Zoned B2 Local Centre under Dungog Shire LEP
- Land area: 620sqm with 5 car spaces and frontage to both Dowling Street and Brown Street
- Net Lettable Area: 270sqm*, Gross Building Area: 294sqm
- Separately metered electricity with both ducted and split system air conditioning
- Dungog Council Rates: $2,692.88 per annum, Water Rates: $276 per quarter
Inspections are available by prior appointment by contacting selling agents from Dillon and Sons, Tavis 0428 921 704 or Jess 0418 662 712.
Expression of Interest closing: Thursday, 26th August at 5pm.
COVID-19 UPDATE IN RELATION TO INSPECTIONS
Due to the recent NSW Health advice and current lockdown we have had to change the way we do inspections. The law states we are able to conduct 1 on 1 inspections with potential purchasers, however to limit any unnecessary inspections & to follow our COVID safe guidelines we ask you meet the following criteria:
- Have a pre-approval of finance or funds available
- Are comfortable with the price guide provided
- Are able to act on your interest within a reasonable timeframe
- Not travelling from any of the current LGA's of concern in Sydney
If you meet this criteria above and wish to view the property, inspections are available by prior appointment only by contacting Tavis on 0428 921 704 or Jess on 0418 662 712. Strict COVID regulations will be in place at these inspections including mandatory face masks, QR code scan in, hand sanitizer and social distancing. A statutory declaration must be filled out prior to inspecting and identification will be required.
We apologise for the inconvenience during this tough time as we are just trying to limit the amount of unnecessary inspections and keep everyone safe.
Disclaimer: This information was provided to us by a third party & we believe it to be true & correct. Purchasers should however make their own enquires.