28 Cameron St, Wauchope, NSW 2446

Enjoying a prominent corner position with easy street parking is this attractive and versatile premises adjacent to the CBD of Wauchope.

Set on a 335m2 block the property features a large air-conditioned main space, adjoining display room, office/additional storage room, spacious gated courtyard that could be used for off-street parking, and extensive undercover storage area at the rear. There are painted concrete floors throughout, high ceilings with fans and kitchenette and bathroom facilities.

The premises is zoned MU1 (mixed used)* and would suit a range of enterprises looking for an affordable entry into commercial property.

With its attractive light-filled interior, charming exterior, spacious and adaptable floorplan, this appealing property is ready for a vibrant business to move from leasing to ownership.

Please contact the exclusive agents Nick Slater 0427 722 725 and Julie Slater 0499 994 241 for more information.

* What is Mixed-Use zoning?

Governments and urban planners organised cities and towns into zones; regions for industrial use, commercial use, residential use, green space, public space, high density, low density etc.

While most quiet suburban streets are simply zoned for residential and busy main streets/ shopping centres are zoned for commercial, some areas are zoned for both. This is called mixed-use zoning.

What is a Mixed-Use property?

Mixed-use properties are commercial properties that have more than one property type within the same building or site.

Most commonly, they include residential apartments on the upper levels with commercial or retail spaces on the ground level, while many also comprise retail premises at the ground level and offices above.

Other mixed-use assets include medical tenancies, childcare and hotel accommodation.

Advantages of Mixed-Use

The main advantage of mixed-use properties is that they diversify your risk, meaning that if one part of the property is vacant or not performing, other parts will still be providing income and value.

Knight Frank associate director Tom Ryan says if investors also choose to occupy a part of their mixed-use property, it can present tax savings.

?With mixed-use property one of the benefits is that you could buy the property and live in it and work from it, so then it becomes a business deduction,? Ryan says,

?Or you could buy it as an investment and you might live upstairs and rent downstairs.?

Property Code: 654