Bedrooms

5

3

Cars

2

Area

Block Of Units

Multiple income investment...

$625,000

PROPERTY DESCRIPTION

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 been totally renovated with new bathrooms, new carpet , paint and backyard fencing.

The shop is currently leased at a gross annual rental of approx $17,160 ($330 per week) .

The two bedroom unit is known as unit 68A and is leased for $280 per week.
Unit 68B accommodates three bedrooms and is leased at $300 per week.

The gross annual rental from the units is approx $30,160.
The combined GAR is $47,320 excluding GST.
The asking price of $625,000 shows an estimated gross return of 7.5%.

The prime investment enjoys the following features:

• Prime retail position in the center of town
• Well maintained building, With rear lane access
• Mixed use investment with three income streams
• Good quality tenants
• Extra land at the rear for future development (STCA)
• High investment return

Call Craig Bellamy for your private inspection on 0412 080 287
Call Narelle Harper on 0435 054 625 for a viewing

We make no representation or warranty as the accuracy, reliability or completeness of the information relating to the property. Some information has been obtained from third parties and has not been independently verified. Accordingly, no warranty, representation or undertaking, whether express or implied, is made and no responsibility is accepted by us as to the accuracy of any part of this, or any further information supplied by or on behalf our behalf, whether orally or in writing.

NOTE: we are a local Nambucca Valley Real Estate that has its Head Office in Sydney.

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