Fully occupied - Commercial Investment Property - Multiple income streams
Main Street corner position – well located commercial investment property
A mixed use freehold title property with 4 income streams, comprising 3 commercial tenancies and 1 free-standing residential tenancy.
B2 Local Business land use zoning allows mixed use commercial, medical, and shop top housing potential
Each commercial tenancy has direct street access and natural light.
The combined area of the commercial component is 195 sqm approx constructed of brick and sheet metal roof and comprises of 3 tenancies;
- Tenancy 1 is 95 sqm approx, lease to a mobile phone shop at $25,000 pa GST ex,
- Tenancy 2 is 41.5 sqm approx leased to a hair dresser at $14,040 pa GST ex
- Tenancy 3 is 47 sqm approx Leased to an osteopath at $11,700 pa GST ex
The residence is constructed of weatherboard cladding and sheet metal and comprises 2 bedrooms with courtyard area and parking onsite, currently occupied also at $310 per week or in other words $16,120 PA GST EX
Gross income of $66,860 PA GST ex less – Council Rates, Insurances, property management fees, water charges and an allowance for repairs. – $12,360 PA approx
- Nett projected income of $54,500 PA GST Ex approx.
6.3% nett return based on purchase at the asking price.
This property would suit investors looking for the security of a diverse multiple income investment
Located right in the Main Street (which is the Oxley Highway) and opposite the Bain park which is a beautiful outlook and pleasant retreat for staff amenities.
Land area of 504 sqm approx., possible opportunity to remove house and further develop (stca).
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.