29 Govett Street, Katoomba
Rare Mixed-Use Investment – Commercial & Residential Income Under One Quality-Built Roof - View by appointment.
Positioned in South Katoomba close to Leura village and Katoomba town centre, and within easy reach of the area's premium commercial and industrial precinct, including Bunnings. This is a rare opportunity to secure a diversified mixed-use investment in a convenient and accessible pocket of the Blue Mountains. Offered for sale for the first time, this is a genuine opportunity to secure a well-held, diversified asset.
The property comprises four individual spaces, split between two commercial tenancies and two residential units, offering multiple income streams and appeal to a broad range of buyers, from investors to owner-occupiers.
QUALITY CONSTRUCTION
This is a genuinely high quality built asset, constructed with a steel frame and finished to a standard well above what is typically found in the area. Features include double glazed windows throughout, full insulation to the walls, ceiling and floors, and premium touches such as Italian marble in the kitchen. The two-bedroom unit benefits from underfloor heating in the bathroom, and the one-bedroom unit has it throughout — adding a further point of difference for tenants and buyers alike. The property is fully gated and fenced, and on-site parking accommodates up to 6 vehicles, with a loading zone offering the potential for a 7th car space, a valuable feature for this type of mixed-use holding.
INCOME POTENTIAL
On full leasing, the property is estimated to generate approximately $105,820 to $106,860 per annum in gross income, across a diversified mix of commercial and residential tenancies. The one-bedroom unit is currently tenanted, with the remaining three spaces representing genuine leasing upside based on estimated market rents.
The accommodation includes a prominent shop, a separate commercial space, a one-bedroom unit and a two-bedroom unit, creating a diversified tenancy profile that appeals to both investors and owner-occupier buyers.
SIGNIFICANT FLEXIBILITY
Adding to the property's appeal, the existing shop is currently occupied by the vendor's established lawnmower business, which will vacate on sale. This presents a genuine opportunity for an incoming owner-occupier to take over the business by separate negotiation, or to lease the space to a new commercial tenant.
WHY THIS LOCATION
Just a short distance from Katoomba and Leura town centres, the property benefits from proximity to the area's premium commercial and industrial precinct, offering excellent convenience for tradespeople, small business owners and tenants alike, while remaining close to Katoomba and Leura's cafés, retail and tourism activity and the wider Blue Mountains lifestyle.
As one of the Mountains' key regional towns, Katoomba provides an affluent and diverse catchment for local businesses, professional services and residential tenants, while the property's position between Katoomba and the sought-after village of Leura adds further appeal, placing it within easy reach of Leura's boutique shopping, dining and lifestyle offering as well.
For investors, this represents a compelling combination of a high quality asset, a convenient and accessible position, multiple income streams and genuine upside through full leasing.
INVESTMENT HIGHLIGHTS
- First time offered for sale
- Located in South Katoomba close to Leura village and Katoomba town centre, plus the
local industrial precinct, including Bunnings
- Fully gated and fenced
- Quality steel-frame construction with double glazing and full insulation
- Italian marble kitchen; underfloor heating throughout the one-bedroom unit, and to the
bathroom of the two-bedroom unit
- On-site parking for up to 6 vehicles, plus a loading zone offering a potential 7th space
- Diversified commercial and residential tenancy mix
- Potential gross income of approximately $105,820 – $106,860 per annum on full leasing
- One-bedroom unit currently tenanted
- Vacant shop with option to take over an established lawnmower business by negotiation
- Suited to investors and owner-occupier buyers
Detailed rental information, lease terms and further financial information are available to genuine purchasers on request. Buyers should rely on their own enquiries.
Disclaimer:
All information contained herein has been gathered from sources we believe to be reliable, including but not limited to the vendor, CoreLogic/RP Data and Google Maps. While reasonable care has been taken, we cannot guarantee the accuracy of the information provided. Interested parties should make their own enquiries and rely on their own independent advice where required. Distances and travel times are indicative only and have been sourced from Google Maps.
Your privacy is important to us. Please take a moment to read our Privacy Policy, which outlines how Chapman Real Estate collects, uses, and protects your personal information. Our Privacy Policy is available at bit.ly/ChapmanPrivacyPolicy
The property comprises four individual spaces, split between two commercial tenancies and two residential units, offering multiple income streams and appeal to a broad range of buyers, from investors to owner-occupiers.
QUALITY CONSTRUCTION
This is a genuinely high quality built asset, constructed with a steel frame and finished to a standard well above what is typically found in the area. Features include double glazed windows throughout, full insulation to the walls, ceiling and floors, and premium touches such as Italian marble in the kitchen. The two-bedroom unit benefits from underfloor heating in the bathroom, and the one-bedroom unit has it throughout — adding a further point of difference for tenants and buyers alike. The property is fully gated and fenced, and on-site parking accommodates up to 6 vehicles, with a loading zone offering the potential for a 7th car space, a valuable feature for this type of mixed-use holding.
INCOME POTENTIAL
On full leasing, the property is estimated to generate approximately $105,820 to $106,860 per annum in gross income, across a diversified mix of commercial and residential tenancies. The one-bedroom unit is currently tenanted, with the remaining three spaces representing genuine leasing upside based on estimated market rents.
The accommodation includes a prominent shop, a separate commercial space, a one-bedroom unit and a two-bedroom unit, creating a diversified tenancy profile that appeals to both investors and owner-occupier buyers.
SIGNIFICANT FLEXIBILITY
Adding to the property's appeal, the existing shop is currently occupied by the vendor's established lawnmower business, which will vacate on sale. This presents a genuine opportunity for an incoming owner-occupier to take over the business by separate negotiation, or to lease the space to a new commercial tenant.
WHY THIS LOCATION
Just a short distance from Katoomba and Leura town centres, the property benefits from proximity to the area's premium commercial and industrial precinct, offering excellent convenience for tradespeople, small business owners and tenants alike, while remaining close to Katoomba and Leura's cafés, retail and tourism activity and the wider Blue Mountains lifestyle.
As one of the Mountains' key regional towns, Katoomba provides an affluent and diverse catchment for local businesses, professional services and residential tenants, while the property's position between Katoomba and the sought-after village of Leura adds further appeal, placing it within easy reach of Leura's boutique shopping, dining and lifestyle offering as well.
For investors, this represents a compelling combination of a high quality asset, a convenient and accessible position, multiple income streams and genuine upside through full leasing.
INVESTMENT HIGHLIGHTS
- First time offered for sale
- Located in South Katoomba close to Leura village and Katoomba town centre, plus the
local industrial precinct, including Bunnings
- Fully gated and fenced
- Quality steel-frame construction with double glazing and full insulation
- Italian marble kitchen; underfloor heating throughout the one-bedroom unit, and to the
bathroom of the two-bedroom unit
- On-site parking for up to 6 vehicles, plus a loading zone offering a potential 7th space
- Diversified commercial and residential tenancy mix
- Potential gross income of approximately $105,820 – $106,860 per annum on full leasing
- One-bedroom unit currently tenanted
- Vacant shop with option to take over an established lawnmower business by negotiation
- Suited to investors and owner-occupier buyers
Detailed rental information, lease terms and further financial information are available to genuine purchasers on request. Buyers should rely on their own enquiries.
Disclaimer:
All information contained herein has been gathered from sources we believe to be reliable, including but not limited to the vendor, CoreLogic/RP Data and Google Maps. While reasonable care has been taken, we cannot guarantee the accuracy of the information provided. Interested parties should make their own enquiries and rely on their own independent advice where required. Distances and travel times are indicative only and have been sourced from Google Maps.
Your privacy is important to us. Please take a moment to read our Privacy Policy, which outlines how Chapman Real Estate collects, uses, and protects your personal information. Our Privacy Policy is available at bit.ly/ChapmanPrivacyPolicy