Commercial Investment Opportunity - $450000

Description

Fantastic investment property situated in the heart of the Keith CBD in the upper South East of South Australia. Spacious substantial brick complex with 2 separate current tenancies plus ample off street parking. LEGAL DESCRIPTION: Allotment 128 Hundred of Stirling in the township of Keith being the whole of the land comprised in CT 5269/650 (copy attached). LAND SIZE: 20.11m x 50.29m = 1,011.33 sqm. LOCAL GOVERNMENT RATES: For 2009/2010 = $1,872.88. ZONED: Town centre (by the Tatiara District Council of 43 Woolshed Street, Bordertown SA 5268, phone 08 8752 1044). CURRENT LEASE DETAILS: 1) Use - Pharmacy 5 year Memorandum of Lease commenced 01/01/2009 and expires 31/12/2013. 2 further 5 year rights of renewal apply. Current Rent $28,000 per annum plus GST = $30,800 per annum. Rent increases annually subject to CPI. Rent reviews at end of each term. (Copy of Lease available on request.) 2) Use - Doctors Surgery Currently a periodic Lease agreement applies. Current rent $8,203.64 per annum plus GST = $9,024.00 per annum. Landlord pays all Rates and Taxes for the within property. An opportunity to purchase an affordable commercial property in the thriving Keith township showing good returns. SALE METHOD: This property is offered for sale by way of Expression of Interest closing at 5 pm on the 30th November 2009 at the office of Keith First National Real Estate cnr Hender and Makin Street (PO Box 355) Keith SA 5267. GST: As this property is tenanted and tenants occupy 100% of the total space and as the property is marketed as a "going concern" within the meaning of the GST Law no GST component is payable or claimable. INSPECTIONS: Inspections are by prior appointment with the selling Agents. For copies of Certificate of Title and Expression of Interest Form. Please contact the Agents. DISCLAIMER: Although every precaution has been taken in establishing the accuracy of the within information by the Vendors and Agents, intending Purchasers should satisfy themselves as to the correctness of these details prior to entering into a contract to purchase. AGENTS IN CONJUNCTION Neil Ottoson First National Real Estate - Janette Mort 0408 854 527 RLA 179363 Keith First National Real Estate - Malcolm Hautop 0412 825 487 RLA 183012