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Exceptional Investment Opportunity - House & Commercial Package

The Smithy's Building has been an iconic premises on Norfolk Island for generations - with many different types of businesses making their mark here over the time. The current owner has given the building a new lease on life, ready to offer a new owner exceptional returns through the coming years.

Consisting of two shops and a 3 bedroom, 2 bathroom home this property is ideal for an investor looking for the ease of a commercial listing, and the consistency of a residential option too.  The property is connected to town sewer and zoned 'Mixed Use' creating a variety of opportunities.

The 3 bedroom / 2 bathroom house is located at the rear of the property, with easement access off Grassy Road. The home has had recent renovations to the kitchen, creating a light & open space and completely painted inside and out. The bedrooms are large, bathrooms tidy and functional. Easily rent this property in the current market for $330 per week. 

~ 20,000 gallon u/ground water tank services the whole complex. Huge catchment and storage mean no water availability issues amongst tenants. 

~ Garden, undercover outdoor areas and sunny courtyards offer great 'in town' living

2 retail/offices in the commercial section are both light and fresh, and currently tenanted with a combined rental income of $400 per week. 

~ Newly re-floored, painted and plumbed

~ Tenants each on 12 -24 month leases with options for extension

Consider this investment for long term returns - the hard work on this property has already been completed and will offer a new owner consistent value in the years to come. 

 

3 2
Address 2 Ferny Lane, Norfolk Island
Price $640,000
Property Type Residential
Property ID 448
Category House
Land Area 791 m2

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Angie Andresen

02 9188 4024
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