Freehold commercial premises comprising two retail shops.
Shop 1 occupied by The Athletes Foot Australia Ltd (Franchisor lease) at $70,700 PA plus GST and Shop 2 currently vacant and available for lease, asking $70,000 PA plus GST.
Projected gross income circa $140,700 PA plus GST (fully leased).
Ongoing costs $25,600 PA approx paid by owner (includes Council Rates, Building Insurances, common power, water usage, allowance for R&M, no land tax on single holding basis – rateable value $644,667).
Nett income potential $115,000 PA approx.
Main street location in the prime retail strip.
Strong NSW growth region underpinned by high level tourism and lifestyle driven population growth.
Located close to major banks, Optus phone store and a major shopping centre comprising Target, IGA and 50 specialty stores.
Both shops have air conditioning, rear access with shared kitchen and amenities.
Opportunity to invest in an A grade location and wait for the second tenant or possibly move in to the vacant shop with your business.
We have obtained all information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.