Two shops in the complex, one is 150m2, another one is 180m2.
Land size is 550 m2.
There are 3 toilets and 7 car parking spaces currently but can be 10 spaces. Council will build another 30 car parking spaces next door.
The current tenant is a fruit and vegetable store which is occupying the two stores.
Yearly rent is $65,000.
As the vendor of the property, paying yearly insurance is around $4,800 and the yearly council rates are around $4,800.
Yearly net income after paying rates and insurance is around $55,000 and net return is around 7.8%.
Selling price is $700,000
Please contact Alice on 0432 843 715 to arrange an inspection.