Nestled on a 506sqm corner block amongst a mix of residential and commercial properties, this neat 2-bedroom residence and separate shopfront, currently housing the ABC Laundromat, is a unique buying opportunity for investors with two separate income streams and impressive annual revenue.

The business is currently proprietor operated allowing the astute buyer multiple options including to live in or rent out the home plus run the business, sell the business and lease out the premises to a third party, or explore the block’s R3 Medium Density Residential zoning and its further potential.

A lakeside suburb currently undergoing exciting rejuvenation with the construction of 485 new homes at nearby Billy’s Lookout, the configuration, zoning and location of this property, makes it a perfect opportunity for a variety of options. Positioned on the north western corner of Lake Macquarie, Teralba is 22kms from Newcastle CBD.

– 2-bedroom house with open plan living and dining, neat and tidy kitchen and bathroom, and secure backyard – tenanted until April 2020 returning $270pw
– Business is being sold as a going concern with all equipment included in the sale
– The laundromat is anchored by a strong group of long-term business clients, which account for approximately 40% of its revenue
– 506sqm corner block with 25.2m frontage to Anzac Parade and 19.8m frontage to Margaret Street

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