This high yielding, affordably priced, fully leased prime retail/residential investment occupies a central position in Bowraville town centre.
Comprising a ground floor shop plus two residential units, the investment offers an excellent mix of retail and residential growth opportunities.
The building accommodates an approximate gross floor area of 260m2.
The property has a total site area of some 430m2.
The shop is professionally fitted out for the preparation and sale of food and has been Bowraville's take away food premises for many years.
The two and three bedroom units have new carpet installed and have been recently painted.
The shop is subject to a new 3+3 year lease at a gross annual rental of $13,000 ($250 per week) plus GST.
The two bedroom unit is known as unit A and is leased for $175 per week.
Unit B accommodates three bedrooms and is leased at $200 per week.
Unit B is air conditioned and has a new kitchen installed.
The gross annual rental (GAR) from the units is $19,500.
The combined GAR is $32,500 excluding GST.
The asking price of $370,000 shows an estimated net return of 8%.
The prime investment enjoys the following features:
- Prime retail position
- Central town centre location
- Mixed use investment
- New retail lease
- Good quality tenants
- Affordably priced
- Accessible price range
- High investment return
If you've been looking for a great investment that won't break the bank then CALL NOW!!!
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