Description

Purchase a versatile commercial property comprising three separate shopfronts/offices on a single title, located in a high-traffic area of town. Currently returning approximately 6% potential rental yield, with scope for further growth once fully tenanted.

The property includes a shared common area with a kitchen/staff room and two bathrooms, available for use by all tenants. Other features include a rear delivery entrance and car park for tenant and customer convenience.

Two of the three tenancies are currently leased, returning $1,148.17 per month + GST and outgoings, with a projected total return of around $1,828 per month when fully occupied.

Council Rates: Approx. $1,975 per annum

GENERAL INFO:
5a - Vacant Shop front: 9.3m Long X 5.2 Wide Storage room at rear - Currently vacant and advertised at $170 per week + gst and outgoings.
5b - Passage entrance down to reception counter and 3 offices of approx 3.2m x 4m. Storage room and rear interior door connecting to 5c hallway. Currently tenanted at $217.26 + gst and outgoings [3.27%] per month Lease – periodic expired in December 2024
5c - Largest floor space. Shop 10.80m x 19.8m, rear storeroom 4.3m x 8m. 2 other offices and store room. Kiosk area which opens to shop area.
Currently tenanted at $930.91 + gst and outgoings [59.3%] per month. Lease expires – 30/06/2030