Rare As Hens Teeth – Fully Leased Commercial Investment

89-91 Argyle Street, Picton NSW 2571 presents a rare commercial investment opportunity positioned prominently on the main street of Picton. The property combines two established commercial tenancies, providing dual income and an attractive investment proposition for buyers seeking a fully leased asset in a central town location.

The property occupies approximately 994 m² of land with an approximately 190 m² floor area. The current tenancy comprises a fully rebuilt restaurant and an established antiques shop, with the two businesses positioned alongside each other and sharing a common wall. The restaurant was rebuilt around 2020 and provides a modern layout together with front and rear outdoor seating areas and rear access to Walton Street. Solar panels, modern lighting and contemporary facilities add to the restaurant's appeal.

The neighbouring antiques shop benefits from strong street presence and contributes to the property's dual-income profile. The property has two street frontages, providing excellent visibility and pedestrian exposure for the existing businesses.

Its central Picton position places the property next to a Shell service station and opposite the Picton courthouse. A council car park is located to the rear and is being upgraded, adding further convenience and potential exposure for surrounding businesses. The property is also close to public transport, with the nearest bus stop approximately 188 metres away and Picton railway station approximately 1.2 kilometres away.

A particularly attractive feature for investors and developers is the rear access to Walton Street. According to the listing, the Walton Street end of the block offers potential for further development, subject to obtaining the required approvals and STCA (Subject to Council Approval).

The property is currently fully leased to two tenants and generates an estimated $117,600 per annum, with the listing indicating an estimated 4.7% annual return. The combination of secure existing occupancy, established commercial uses, main-street exposure, dual street frontage and potential future development makes this an appealing commercial investment.