Description
This freestanding shop and residence must be not overlooked. Income is derived from a single lease that covers both the shop and first floor. The tenant uses the shop for her pharmacy practice and the upstairs for massage therapies, yoga and pilates classes. The building has an impressive exposure to Avenue Road and there is parking at the rear. The current tenant has been in occupation for 9 years. The lease expires on the 30th January 2008 and has a five year option, at which time there will be a market rent review. The current rent is $72,340.46 and after allowing for the landlords' 30% share of council rates and water rates the net income is $71,713.93. The tenant reimburses the landlord for 70% of the council rates and water rates. Price: $1,490,000 GST Exclusive Building Area: 150 m2 approx. Land size: 132 m2 Zoning: 3 (C) Local Business Title: Lot 4 in DP 243017 Parking: 1 car space Council Rates: $1,634.58 p.a. Water Rates: $519.40 p.a. Total Outgoings: $2,154.90 p.a. (Tenant reimburses 70% of outgoings) Net Income: $71,713.93 Contact: Mark T. Smith 0418 523 007 Frank Bird 0417 427 310
Was for Sale
- Publish Date: 24-03-2007 07:05:27
- Contact name: Mark Smith
- 77 times displayed
- Location: Australia
- Business: Peter Hill First National
- Status: sold
- Price: $1300000
