The Phone Code for this property is: 15695. Please quote this number when phoning or texting.

Step into a prime investment opportunity with this exceptional commercial property located in a bustling neighbourhood. Boasting a corner site with unparalleled exposure, this property is a rare gem in the market. Comprising four well-maintained shops, each offering a generous 60m2 of space, this property is a lucrative prospect for savvy investors.

As you approach, you'll be greeted by the convenience of 22 car bays spread across the front and rear of the complex. The ample parking ensures easy access for both tenants and customers, making it a sought-after destination for businesses. The brick and iron roof shops are in excellent condition, featuring all-new electrical fittings that promise a hassle-free ownership experience.

The diversity of the current tenants adds to the appeal of this property. With a hairdresser, a fish and chips shop, and a cafe already in place, you're stepping into a turnkey investment opportunity.
The Hairdressers lease extends until 18th November 2027 with annual reviews of
3%.
The cafe's lease of 5x5x5 expiring on 5th December 2039, with annual reviews of 3.5%.
The Fish and Chips lease extends to 11th September 2029 , with annual reviews of 3%.
Nett income of $120,000 per/annum plus outgoing and GST.
Outgoing Estimate - 2024/2025.
Council Rates- $3218
Land Tax- $1281
Water Rates- $6480
Building Insurance- $6636
The complex secures long- term income streams with strong capital growth.
This is an opportunity for an investor to acquire a solid property to add their portfolio and benefit with a rare gem that you don't see on the market that often.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.