Investment Properties
NSW- 11.2% gross return
Right in the busiest part of the shopping strip, this property offers a potential buyer the best of both worlds. The upstairs flat is 1 bed room plus a kitchen/dining separate loungeroom.Shower and toilet. Currently with tenant. Down stairs, a small but good shop, on a 215 sq metre block with a rear lane. The shop presents well with good window display and polished floorboards also with current tenant. Large area at the back of the shop, suitable for expansion.
Some work is required to the upstairs unit, however the vendor is looking to do some of this. The building is located in a fantastic position next to Elders insurance, coffee shop and the butchers.
The vendor does pay outgoings.
 Buy & Hold
|
|
| Gross Weekly Rental: | $238.40pw plus GST $255pw |
|---|---|
| Possible Price: | $110,000 |
| Purchase Price: | $110,000 |
| Council Rates: | $1,500pa approx |
| Management Fees : | 8.8% |
| Gross Return: | 11.3% |
| Population: | 3,000 |
Whilst care has been taken in the production of information and the information contained has been obtained from sources Australian House Hunters believes to be reliable, Australian House Hunters does not warrant, represent or guarantee the accuracy, adequacy, completeness or fitness for any purpose and will accept no liability for any loss incurred in any way what so ever by any person who may rely on it.
