7 Bedroom Freehold For Sale in Bela Bela, BEL-CS00048

Details

BELA BELA, TOWNSHIP

This is a rare, versatile mixed-use opportunity perfect for an investor, developer, or owner-operator with a vision. The property features a commercial shop, a salon space, and seven rental units, all under one roof. Currently in need of Tender Loving Care (TLC), this building presents a "blank canvas" to create significant value through renovation and modern updates. The strong income-generating foundation is in place, awaiting the right buyer to maximize its potential.

This is a value-add investment. The building is structurally sound but requires comprehensive updates to meet modern standards and achieve maximum rental/commercial income.

Condition & TLC Requirements (The Opportunity)

This is a value-added investment. The building is structurally sound, but requires comprehensive updates to meet modern standards and achieve maximum rental/commercial income.

Cosmetic & Interior: All units and commercial spaces need full refurbishment. This includes: · New flooring (LVP, tile, carpet) · Complete interior painting · Modern lighting fixtures · Kitchenette and bathroom updates (vanities, fixtures, tiling) · Possible layout optimizations for better space usage.

Systems (May Need Evaluation/Upgrade): · Roof: Aged but serviceable; inspection recommended. · HVAC: Individual unit systems may need servicing or replacement. · Plumbing: Older galvanized or copper pipes; should be inspected. · Electrical: May need panel upgrades and full rewiring to modern code.

Exterior: Could benefit from facade refresh, new signage, improved landscaping, and updated entryways.

Multiple Revenue Streams: Blend of commercial rental income (shop & salon) and residential cash flow (7 units).

· Forced Appreciation: Significant equity can be built through cost-effective renovations. Post-renovation, the property's value and rental rates can increase substantially.