214 Belmore Road, Riverwood NSW

For Sale

Retail

Offers welcome, call now to inspect

360m2

Stand alone building in the heart of one of the fastest growing Sydney suburbs.

This low maintenance, fully leased, with positively geared rental income investment has future development potential (STCA). It will suit a SMSF or an investor looking for a reliable income with low overheads to create or diversify their asset portfolio.

The property is located on popular retail strip of Riverwood directly across from Riverwood Train Station. You will find here Woolworths, ALDI, KFC, CBA, NAB, Post Office & Fitness First as well as a number of popular restaurants and function centers. There is lots of council parking behind the building.

Lease details:
Shop 1: leased to European delicatessen from July 2017 on 3x3x3 lease for $41,600pa + GST and annual increases. This business is very profitable and the owners have expressed their intention to stay long term.

Shop 2: leased to bakery/pizzeria with new 3x3x3 lease for $41,600pa + GST and annual increases. The owners of the business have spent significantly to refurbish and equip this new bakery/pizzeria and have expressed their intention to stay long term.

Apartment 1: A modern - newly refurbished 1 bedroom apartment rented on a new 1 year lease for $350 per week.

Apartment 2: A modern - newly refurbished 2 bedroom apartment rented on a new 2 year lease for $400 per week.
Total rental income $122,200pa + GST

Outgoings approx:
Council rates: $546pq
Water Rates: $120pq approx – tenants pay water usage

This property offers the investor low maintenance and joy of the rewards for many years to come. For further information or to arrange an inspection, please contact

Mitch Owen
M: 0401 451 889
E mitchello@commercial.net.au

Kyle Dewey
M: 0404 097 121
E: kyled@cpgsouth.com.au
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