29 Hely Street has the best of both worlds - 655sqm of lettable area (currently over 80% leased) with potential for a higher density redevelopment (STCA).

Occupied by 3 tenants this property has the potential to show a 6.6% yield with endless opportunities to further improve by leasing the balance of the building, future lease renewals and/or building extension over carpark for example.

There is an abundance of onsite parking (18 spaces) which is accessed from Hardware Lane and secured/gated. There is ramp access to Hely Street from the car park.

The property’s location and civic exposure provides a fantastic opportunity for the astute investor to purchase a prime freehold property along one of the main arterial roads of the Wyong Town Centre. With minor renovations, extension or a full redevelopment (STCA), the possibility to value-add to this property will see the site adapt to a multitude of uses.

For more information, contact Brett Hunter 0410 630 222.