Investment Properties
NSW- 8% + return and vendor ready to talk
Renovated house, separate studio unit and commercial premises with showroom and off street parking. Potential for self storage unit revenue as well. Property will be sold with secure leases in place. Must be inspected to fully appreciate the potential of this investment.
This property comprises 4 distinct revenue opportunities, all on a single title zoned 3 (a) General Business. The house, flat and showroom/workshop have or will have secure leases in place. The storage units should also perform well, probably on shorter tenancies.
House- rent: $280pw tenanted
Granny Flat – rent: $200pw fully furnished
Storage Units – rent: $80pw maybe a possibility (estimate only)
Commercial Premises – rent: $260pw will have a new lease
While this may not be something that you would now, there is certainly the option of subdivision in the future. Council have advised us that there are no glaring reasons as to why this cannot happen.
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| Purchase Price: | $470,000 |
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| Gross Weekly Rental: | $740pw |
| Council Rates: | $1,800 pa approx |
| Management Fees : | 7.7% |
| Gross Return: | 8.1% on asking |
| Population: | 25,000 |
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.
