Opportunity to invest in this character cottage with commercial and residential usage. Located in a prime position in the heart of Blackheath village with 2 leases currently in place, offering a valuable opportunity for investors. The X factors include: • Prime location in the main street with high level exposure and foot traffic • Single weatherboard building with retail space at front and residential unit at the rear. • Zoned - E1 Local Centre - allowing for a variety of commercial uses STCA • Would suit an investor / SMSF / homeowner / holiday accommodation • Current lease in place - Commercial and Residential tenant • Current commercial rental income - $2002/month inc of GST ($24,024 /annum inc of GST) • Current rental income for the unit - $1,680/month inc of GST ($20,160/annum inc of GST) • Total annual income for the whole building - $44,184/annum inc of GST • Outgoings include - 50% council rates ($2,950/annum), 50% water rates ($633.80/annum ) plus insurance • Excellent investment, same owners for many years, high occupancy rates • Possibility to add a granny flat (STCA) and increase ROI. • Set on a 657m2 approx block with abundant off street parking This versatile space would suit a variety of buyers with its great street exposure, excellent rental history and off-street parking, you will not want to miss this opportunity. Live on site and run a business, rent both, live in the whole residence or set up the perfect walk to town Airbnb.