This great commercial building is located in the heart of Kurri Kurri & has a lot to offer! With a 8%-10% expected return!
The 2 story property has the only Newsagents in Kurri Kurri currently on lease, returning $3100 per month. The property owner only pays for Land & Water Rates.
The tenant is responsible to pay the rest of the outgoings on the property. The tenants are now on a new 5 year lease starting 1/6/16 with a five year option at the end of the term.
Upstairs is a lovely full sized 3 bedroom flat with large bedrooms, renovated bathroom, updated kitchen and 2 living areas. The unit boasts a fenced outdoor courtyard. The flat is currently returning $250 per week rent.
The property is:
- Zoned B2 Local Centre
- Approximately 200 - 290sqm building size each
- 387sqm land size
You will be very surprised once you take a look!
For more information contact Mathew Sylvester today on 0401 255 656.
Mathew Sylvester : 0401 255 656